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Daily Pivots: (S1) 156.55; (P) 156.92; (R1) 157.30; More… Intraday bias in USD/JPY is back on the upside with break of 156.78 resistance. Rise from 161.86, as the second leg of the corrective pattern from 160.20, should now target 100% projection of 151.86 to 156.78 from 153.59 at 158.51. On the downside, below 155.83 minor […]

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22/07/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8867; (P) 0.8884; (R1) 0.8908; More… USD/CHF is staying in range above 0.8819 and intraday bias remains neutral. Further decline is in favor as long as 0.8914 support turned resistance holds. Break of 0.8819 will target 61.8% retracement of 0.8332 to 0.9223 at 0.8672 next. However, break of 0.8914 will turn bias […]
23/05/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6590; (P) 0.6637; (R1) 0.6667; More… Intraday bias in AUD/USD remains neutral first and more consolidations could be seen below 0.6713. Further rally is expected as long as 0.6578 support holds. As noted before, fall from 0.6870 has probably completed with three waves down to 0.6361 already. Above 0.6713 will target 0.6870 […]
13/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3063; (P) 1.3095; (R1) 1.3159; More… Intraday bias in GBP/USD remains neutral for the moment. On the upside, firm break of 1.3265 resistance will resume larger rally to 1.3364 projection next. Nevertheless, break of 1.3000 will extend the correction from 1.3265 to 55 D EMA (now at 1.2962) and possibly below. In […]