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Daily Pivots: (S1) 150.83; (P) 151.86; (R1) 152.48; More… Intraday bias in USD/JPY is turned neutral with 4H MACD crossed above signal line. Focus stays on 38.2% retracement of 139.57 to 158.86 at 151.49. Strong bounce from current level will keep decline from 158.86 as a correction, and retain near term bullishness. Firm break of […]

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GBP/USD Mid-Day Outlook

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13/06/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8897; (P) 0.8940; (R1) 0.8988; More…. No change in USD/CHF’s outlook as range trading continues. Intraday bias remains neutral. On the downside, sustained break of 0.8883 fibonacci level will carry larger bearish implications and bring deeper decline. On the upside, firm break of 0.8987 support turned resistance will argue that correction from […]
01/03/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8550; (P) 0.8560; (R1) 0.8570; More… Intraday bias in EUR/GBP stays neutral at this point. On the upside, firm break of 0.8577 will resume the rebound from 0.8497. On the downside, decisive break of 0.8491/7 support zone will resume larger down trend. In the bigger picture, fall from 0.8764 is seen as […]
23/02/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0799; (P) 1.0811; (R1) 1.0833; More… EUR/USD retreated after brief rise to 1.0887 and intraday bias is turned neutral first. On the upside, break of 1.0887 will affirm the case that fall from 1.1138 has completed, and target this resistance. However, break of 1.0761 will turn bias back to the downside for […]