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Daily Pivots: (S1) 154.13; (P) 155.31; (R1) 156.07; More…. Intraday bias in USD/JPY is turned neutral first as it recovered after dipping to 154.53. But risk will stay on the downside as long as 157.70 resistance holds. Fall from there is seen as the third leg of the corrective pattern from 160.20. On the downside, […]

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USD/CHF Mid-Day Outlook

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GBP/JPY Daily Outlook

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07/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9043; (P) 0.9056; (R1) 0.9076; More…. USD/CHF is staying in consolidation above 0.9005 temporary low and intraday bias stays neutral. Further decline is in favor as long as 55 4H EMA (now at 0.9101) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now at 0.8996) will […]
30/07/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9569; (P) 0.9587; (R1) 0.9606; More…. Intraday bias in EUR/CHF remains neutral and more consolidations would be seen above 0.9159. Further decline is expected as long as 0.9641 support turned resistance holds. Rebound from 0.9476 should have completed as a corrective move at 0.9772. Below 0.9519 will bring retest of 0.9476. Firm […]
02/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2622; (P) 1.2661; (R1) 1.2690; More… GBP/USD recovered ahead of 1.2612 support as range trading continues. Intraday bias remains neutral at this point. On the upside, firm break of 1.2705 resistance will argue that pull back from 1.2859 has completed, and bring retest of this high instead. Nevertheless, sustained trading below 1.2633 […]