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USD/CHF gyrated lower last week as consolidation from 0.9200 extended but downside was contained above 0.9007 support. Initial bias remains neutral this week first. On the upside, above 0.9107 minor resistance will turn bias back to the upside for retesting 0.9200, and probably to 0.9223 key resistance. On the downside, firm break of 0.9007 will […]

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07/01/2025

USD/JPY Daily Outlook

Daily Pivots: (S1) 156.61; (P) 157.28; (R1) 158.33; More… Intraday bias in USD/JPY is back on the upside with breach of 158.06. Current rally from 139.57 is resuming to 61.8% projection of 139.57 to 156.74 from 148.64 at 159.25. Firm break there will target 161.94 high. However, break of 156.01 support will indicate short term […]
07/03/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8798; (P) 0.8828; (R1) 0.8850; More…. USD/CHF’s retreat from 0.8891 extends lower today but stays well above 0.8741 support. Intraday bias remains neutral and further rally is still in favor. On the upside, break of 0.8891 will resume the whole rebound from 0.8332 towards 0.9243 key resistance. Nevertheless, break of 0.8741 support […]
22/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 179.55; (P) 180.56; (R1) 181.32; More… Intraday bias in GBP/JPY remains neutral as range trading continues. Further decline is expected as long as 184.15 resistance holds. On the downside, break of will resume the decline from 188.63 and target 38.2% retracement of 148.93 to 188.63 at 173.46. However, decisive break of 184.15 […]