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Daily Pivots: (S1) 143.38; (P) 144.11; (R1) 145.37; More… USD/JPY’s break of 144.94 resistance argues that fall from 151.89 has completed. Intraday bias stays on the upside at this point. Rebound from 140.25 would target 61.8% retracement of 151.89 to 140.25 at 147.44, even as a corrective move. On the downside, below 144.45 minor support […]

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USD/CHF Daily Outlook

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02/04/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9014; (P) 0.9036; (R1) 0.9066; More…. Intraday bias in USD/CHF remains neutral at this point. Further rally is expected as long as 0.8964 support holds. Firm break of 0.9070 will resume larger rise from 0.8332 towards 0.9243 key resistance next. In the bigger picture, price actions from 0.8332 medium term bottom as […]
18/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3127; (P) 1.3178; (R1) 1.3211; More… Immediate focus is now on 1.3265 resistance as GBP/USD’s rise from 1.3000 extends today. Decisive break of 1.3265 will resume larger rally 1.3364 projection level next. On the downside, however, break of 1.3145 support will turn bias to the downside, to extend the corrective pattern from […]
09/08/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6480; (P) 1.6640; (R1) 1.6723; More… Intraday bias in EUR/AUD remains neutral at this point. While deeper retreat cannot be ruled out, outlook will remain bullish as long as 1.6474 support holds. On the upside, above 1.6798 minor resistance will turn bias back to the upside for retesting 1.7180. Firm break there […]