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USD/JPY’s rebound last week suggests that pullback from 160.20 has completed at 151.86 already. It’s now in the second leg of the corrective pattern from 160.20. Further rise could be seen towards 157.98 resistance. On the downside, break of 154.23 will suggest that the third leg has started, and turn bias back to the downside […]

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27/06/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 160.00; (P) 160.43; (R1) 161.26; More… Intraday bias in USD/JPY stays on the upside. Sustained trading above 100% projection of 151.86 to 157.70 from 154.53 at 160.37 will pave the way to 161.8% projection at 163.97. On the downside, below 159.18 minor support will turn intraday bias neutral again first. But outlook […]
02/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3091; (P) 1.3145; (R1) 1.3181; More… GBP/USD is staying in consolidation below 1.3265 and intraday bias remains neutral. While deeper retreat cannot be ruled out, downside should be contained well above 1.3043 resistance turned support to bring rebound. On the upside, above 1.3265 will resume larger up trend to 100% projection of […]
18/06/2024

EUR/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9520; (P) 0.9544; (R1) 0.9572; More…. EUR/CHF’s fall from 0.9928 resumed after brief recovery and intraday bias is back on the downside. Sustained trading below below 61.8% retracement of 0.9252 to 0.9928 at 0.9510 will raise the chance of long term down trend resumption, and target 0.9252 low next. On the upside, […]