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Daily Pivots: (S1) 0.8489; (P) 0.8513; (R1) 0.8542; More… Intraday bias in USD/CHF remains neutral at this point and more consolidations could be seen above 0.8399. Further decline is expected as long as 0.8540 resistance holds. Break of 0.8339 will resume the fall from 0.9223 and target 0.8332 low. However, considering bullish convergence condition in […]

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GBP/JPY Daily Outlook

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27/07/2024

USD/JPY Weekly Outlook

USD/JPY’s fall from 161.94 extended to as low as 151.93 last week, but recovered after breaching 151.98 resistance turned support briefly. Initial bias remains neutral this week for consolidations. Risk will stay on the downside as long as 155.36 support turned resistance holds. Decisive break of 151.89 resistance turned support will argue that large scale […]
29/10/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8633; (P) 0.8667; (R1) 0.8686; More… Intraday bias in USD/CHF is turned neutral with breach of 0.8649 minor support. A temporary top is formed at 0.8699 after touching 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Some consolidations would be seen first, but further rally remains in favor as long as 55 […]
13/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2512; (P) 1.2564; (R1) 1.2614; More… Intraday bias in GBP/USD stays neutral at this point. Further decline is mildly in favor as long as 1.2615 minor resistance holds. Break of 1.2501 will resume the fall from 1.2731 short term top to to 55 D EMA (now at 1.2452). Sustained break there will […]