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Daily Pivots: (S1) 145.09; (P) 145.52; (R1) 146.19; More… USD/JPY’s rally from 140.25 resumed by breaking 146.40 and intraday bias is back on the upside. Strong resistance should be seen from 61.8% retracement of 151.89 to 140.25 at 147.4 to limit upside. On the downside, break of 144.34 will turn bias back to the downside […]

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07/01/2024

USD/CHF Weekly Outlook

A short term bottom was in place at 0.8332 with last week’s rebound, but price actions from there are seen as a corrective pattern only. Initial bias in USD/CHF is neutral this week first. Outlook remains bearish with 0.8665 support turned resistance intact. On the downside, break of 0.8332 will resume larger fall from 0.9243 […]
22/06/2024

GBP/USD Weekly Outlook

GBP/USD’s fall from 1.2859 short term top continued last week despite interim recovery. Initial bias is now on the downside this week. Sustained break of 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and below. For now, risk will stay on the downside as long as 1.2739 […]
19/03/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9626; (P) 0.9641; (R1) 0.9669; More… EUR/CHF’s rally from 0.9252resumed by breaking through 0.9630 and intraday bias is back on the upside. 161.8% projection of 0.9252 to 0.9471 from 0.9304 at 0.9658 is already met but there is no sign on topping yet. Sustained break of 0.9658 will target 0.9683 key resistance […]