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Daily Pivots: (S1) 0.8787; (P) 0.8810; (R1) 0.8853; More… USD/CHF’s rebound from 0.8735 continues today and intraday bias stays on the upside. As noted before, corrective fall from 0.8956 could have completed at 0.8735 after hitting 55 D EMA. Further rally is in expected to retest 0.8956 high first. Firm break there will resume the […]

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18/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2968; (P) 1.3006; (R1) 1.3048; More… A temporary top should be formed at 1.3043 as GBP/USD retreated after hitting rising channel resistance. Intraday bias is turned neutral for some consolidations first. Downside should be contained by 1.2859 resistance turned support to bring another rally. Above 1.3043 will resume the rise from 1.2298 […]
15/08/2024

EUR/JPY Mid-Day Outlook

Daily Pivots: (S1) 161.02; (P) 161.81; (R1) 163.02; More… EUR/JPY’s break of 38.2% retracement of 175.41 to 154.40 at 162.42 suggests that fall from 175.41 has completed at 154.40. Rise from there is now seen as the second leg of the corrective pattern from 175.41. Intraday bias is on the upside or 61.8% retracement at […]
15/06/2024

USD/JPY Weekly Outlook

USD/JPY’s choppy rise from 151.86 resumed by breaching 157.70 resistance last week. Initial bias stays mildly on the upside this week. Further rally could be seen to retest 160.20 high. But upside should be limited there, at least on first attempt. On the downside, below 156.57 minor support will turn intraday bias neutral first. In […]