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Daily Pivots: (S1) 141.43; (P) 144.38; (R1) 147.10; More… USD/JPY recovered after breaching 142.45 fibonacci level, but there is no clear sign of bottoming yet. Intraday bias stays on the downside, sustained trading below 142.45 will pave the way to next fibonacci level at 136.63. On the upside, break of 144.53 minor resistance will turn […]

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USD/CHF Daily Outlook

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04/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2592; (P) 1.2624; (R1) 1.2685; More… Intraday bias in GBP/USD stays neutral first, and risk remains on the downside with 1.2667 resistance intact. Below 1.2538 will target 1.2517 structural support. Decisive break there will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish. However, firm […]
12/09/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8453; (P) 0.8491; (R1) 0.8561; More… Focus remains on 0.8536 resistance in USD/CHF. Rejection by this resistance will retain near term bearishness. Break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. However, considering bullish convergence condition in 4H MACD, […]
17/03/2024

EUR/JPY Weekly Outlook

EUR/JPY’s break of 162.16 minor resistance last week suggests that correction from 163.70 has completed at 160.20. Initial bias is back on the upside for retesting 163.70 resistance. Decisive break there will resume larger rally from 153.15 for 164.29 high. In case of another fall, downside should be contained by 38.2% retracement of 153.15 to […]