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Daily Pivots: (S1) 0.8770; (P) 0.8790; (R1) 0.8790; More… USD/CHF’s rally is in progress and intraday bias stays on the upside. Current rise from 0.8374 should target 61.8% retracement of 0.9223 to 0.8374 at 0.8899. Sustained trading above there will pave the way towards 0.9223 high. On the downside, below 0.8773 support will turn intraday […]

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USD/JPY Mid-Day Outlook

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18/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 170.11; (P) 171.47; (R1) 172.23; More… EUR/JPY’s break of 170.87 resistance turned support argues that fall from 175.41 might be correcting whole rise from 153.15 already. Intraday bias is back on the downside. Sustained trading below 55 D EMA (now at 170.30) will target 38.2% retracement of 153.15 to 175.41 at 166.90. […]
04/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 161.00; (P) 161.48; (R1) 162.18; More… Intraday bias in turned neutral with current retreat and some consolidations would be seen below 161.94 temporary top. But further rally is expected as long as 160.25 minor support holds. Break of 161.94 will resume larger up trend to 61.8% projection of 146.47 to 160.20 from […]
30/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3459; (P) 1.3475; (R1) 1.3500; More… USD/CAD continues to consolidate above 1.3439 temporary low and intraday bias remains neutral. Upside of recovery should be limited below 1.3617 resistance to bring another fall. On the downside, below 1.3439 will resume the decline from 1.3946 and target 1.3176 support next. In the bigger picture, […]