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Daily Pivots: (S1) 153.18; (P) 154.97; (R1) 156.07; More… Intraday bias in USD/JPY remains neutral for the moment. Another rise is in favor as long as 153.87 resistance turned support holds. Break of 156.74 will resume the rally from 139.57 towards 161.91 high. However, firm break of 153.87 and the near term rising channel would […]

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USD/CHF Mid-Day Outlook

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EUR/CHF Daily Outlook

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13/02/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2604; (P) 1.2630; (R1) 1.2653; More… Despite spiking higher to 1.2691, GBP/USD quickly retreated. Intraday bias stays neutral for the moment. On the upside, firm break of 1.2691 resistance will affirm the case that correction from 1.2826 has completed at 1.2517, after drawing support from 1.2499. Intraday bias will be back on […]
07/03/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 148.98; (P) 149.53; (R1) 149.97; More… USD/JPY’s decline accelerates to as low as 147.58 so far. Intraday bias stays on the downside for 38.2% retracement of 140.25 to 150.87 at 146.81. Sustained break of 146.81 will argue that fall from 150.87 is reversing the whole rally from 140.25. In this case, deeper […]
11/11/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9360; (P) 0.9393; (R1) 0.9420; More…. Intraday bias in EUR/CHF remains neutral as it’s staying inside converging triangle. On the downside, break of 0.9331 will target 0.9305 support first. Firm break there will bring retest of 0.9209 low. On the upside, break of 0.9444 will bring stronger rally to 0.9506 resistance next. […]