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USD/CHF jumped to 0.8475 last week but turned sideway since then. Initial bias stays neutral this week first. On the downside, firm break of 0.8323 support will argue that corrective rebound from 0.8038 has completed at 0.8475, after rejection by 38.2% retracement of 0.9200 to 0.8038 at 0.8482. Intraday bias will be back on the […]

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17/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9666; (P) 0.9704; (R1) 0.9733; More… Intraday bias in EUR/CHF remains mildly on the downside. Correction from 0.9847 could extend to 38.2% retracement of 0.9252 to 0.9847 at 0.9620. But strong support is expected from there to contain downside to bring rebound, and set the range for the consolidation pattern from 0.9847. […]
10/03/2025

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.26; (P) 147.73; (R1) 148.51; More… No change in USD/JPY’s outlook and intraday bias stays on the downside. Sustained trading below 61.8% retracement of 139.57 to 158.86 at 146.32 will pave the way to 139.57 support. On the upside, 148.38 minor resistance will turn intraday bias neutral and bring consolidations again, before […]
21/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 180.70; (P) 182.02; (R1) 182.76; More… GBP/JPY’s fall from 184.15 extends lower today but overall it’s staying in range above 178.32. Intraday bias remains neutral and further decline is expected. On the downside, break of will resume the decline from 188.63 and target 38.2% retracement of 148.93 to 188.63 at 173.46. However, […]