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USD/CHF fell to 0.8728 last week but recovered to close above 0.8741 support. Initial bias remains neutral this week first. On the downside, sustained break of 0.8741 will argue that the whole rebound from 0.8332 might have completed, and bring deeper fall to 0.8550 support. Nevertheless, strong bounce from current level will retain near term […]

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GBP/JPY Daily Outlook

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23/04/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9103; (P) 0.9113; (R1) 0.9131; More…. Intraday bias in USD/CHF remains neutral at this point. Consolidation from 0.9151 could extend, but further is expected as long as 0.8996 support holds. Break of 0.9151 will resume the larger rise from 0.8332 to 0.9243 resistance. However, firm break of 0.8996 will turn bias to […]
04/09/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 144.68; (P) 145.94; (R1) 146.73; More… Range trading continues in USD/JPY in 143.43/147.20 and intraday bias remains neutral. Further rally will remain in favor as long as 143.43 support holds. Above 147.20 will target 149.35 resistance first. Firm break there will resume the rebound from 141.67 to 100% projection of 141.67 to […]
03/02/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2661; (P) 1.2708; (R1) 1.2792; More… Range trading continues in GBP/USD with today’s sharp fall, and intraday bias remains neutral. Consolidation from 1.2826 could still extend further, and deeper fall cannot be ruled out. But downside should be contained above 1.2499 support to bring rebound. On the upside, firm break of 1.2774 […]