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Daily Pivots: (S1) 149.20; (P) 149.59; (R1) 150.15; More… Intraday bias in USD/JPY is turned neutral again with current retreat. Another rise is expected for now, and break of 149.97 will resume the rise from 139.57 to 61.8% retracement of 161.94 to 139.57 at 153.39 next. However, firm break of 146.48 will argue that such […]

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01/10/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8415; (P) 0.8445; (R1) 0.8486; More… Intraday bias in USD/CHF remains neutral as range trading continues. On the downside, 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. Nevertheless, firm break of 0.8548 will turn bias back to the […]
11/12/2023

EUR/JPY Daily Outlook

Daily Pivots: (S1) 154.54; (P) 155.32; (R1) 156.76; More.. EUR/JPY’s recovery from 153.15 extends higher today but outlook is unchanged. Upside should be limited below 158.36 minor resistance to bring another fall. On the downside, below 155.98 will turn bias to the downside for retesting 153.15. Break of 153.15 and sustained trading below 38.2% retracement […]
02/01/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9245; (P) 0.9298; (R1) 0.9341; More… Intraday bias in EUR/CHF is turned neutral with current recovery, and some more consolidations would be seen above 0.9252. But further decline is expected as long as 0.9402 support turned resistance holds. On the downside, break of 0.9252 will resume larger down trend. Next target is […]