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Daily Pivots: (S1) 144.69; (P) 146.30; (R1) 148.31; More… Intraday bias in USD/JPY remains neutral an further decline is expected with 150.88 resistance intact. On the downside, below 144.04 minor support will bring retest of 141.67 first. Break there will resume the fall from 161.94 to 140.25 support next. In the bigger picture, the strong […]

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12/12/2023

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9439; (P) 0.9463; (R1) 0.9480; More… Intraday bias in EUR/CHF stays neutral at this point, as consolidation from 0.9402 might extend further. Overall outlook stays bearish as long as 0.9543 resistance holds. On the downside, decisive break of 0.9407 will confirm larger down trend resumption. In the bigger picture, medium term outlook […]
10/01/2024

GBP/JPY Mid-Day Outlook

Daily Pivots: (S1) 182.94; (P) 183.45; (R1) 184.15; More… GBP/JPY’s strong rally today confirms resumption of rise from 178.32. More importantly, the decisive break of 184.15 resistance indicates that correction from 188.63 has completed already. Intraday bias is back on the upside for retesting 188.63 next. On the downside, break of 182.73 support is needed […]
05/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0821; (P) 1.0849; (R1) 1.0866; More… Intraday bias in EUR/USD is back on the downside with break of 55 4H EMA (now at 1.0814). Deeper fall would be seen to retest 1.0694/0723 support zone On the upside, break of 1.0875 will resume the rebound from 1.0723 towards 1.0980 resistance instead. In the […]