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Daily Pivots: (S1) 152.37; (P) 154.33; (R1) 155.60; More… USD/JPY’s fall from 160.20 short term top continues today and intraday bias remains on the downside for 61.8% retracement of 146.47 to 160.20 at 151.71. Strong support should be seen from 150.87 resistance turned support to bring rebound. On the upside, above 153.81 minor resistance will […]

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18/07/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0907; (P) 1.0928; (R1) 1.0960; More…. Intraday bias in EUR/USD is turned neutral first with current retreat. Some consolidations would be seen below 1.0947 temporary top. But downside should be contained by 1.0871 support to bring another rally. On the upside, break of 1.0947 will resume the rise from 1.0601 and target […]
04/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9766; (P) 0.9786; (R1) 0.9804; More… EUR/CHF’s rally resumed by breaking through 0.9818 resistance and intraday bias is back on the upside. Current rally from 0.9252 would target 38.2% projection of 0.9304 to 0.9818 from 0.9709 at 0.9905. For now, break of 0.9709 support is needed to indicate short term topping. Otherwise, […]
22/08/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.92; (P) 190.21; (R1) 191.47; More… Range trading continues in GBP/JPY below 191.99 and intraday bias remains neutral. On the upside, above 191.99 will resume the rally from 180.00, and target 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from 208.09. On the downside, […]