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Daily Pivots: (S1) 1.0937; (P) 1.0989; (R1) 1.1026; More…. Intraday bias in EUR/USD remains on the downside for the moment. Fall from 1.1213 is in progress for 38.2% retracement of 1.0447 to 1.1213 at 1.0920. Sustained break there will argue that fall from 1.1213 is the third leg of the corrective pattern from 1.1274. In […]

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GBP/JPY Daily Outlook

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09/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 145.96; (P) 146.76; (R1) 148.07; More… Intraday bias in USD/JPY stays neutral at this point. While further rise cannot be ruled out, outlook will stay bearish as long as 150.88 resistance holds. On the downside, below 144.04 minor support will bring retest of 141.67 first. Break there will resume the fall from […]
22/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9092; (P) 0.9104; (R1) 0.9122; More…. USD/CHF’s rebound from 0.8987 extends higher today, and intraday bias stays on the upside. Further rally would be seen to 0.9223 resistance. On the downside, below 0.9086 minor support will turn intraday bias neutral first. Further break of 0.8987 will resume the fall from 0.9223 to […]
08/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 178.41; (P) 181.75; (R1) 184.88; More… GBP/JPY’s fall from 188.63 extended to as low as 178.58, and breached 23.6% retracement of 148.93 to 188.63 at 179.26 briefly. There is no sign of bottoming yet and intraday bias stays on the downside. Sustained trading below 179.26 will pave the way to 38.2% retracement […]