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Daily Pivots: (S1) 186.45; (P) 186.86; (R1) 187.53; More… Intraday bias in GBP/JPY is back on the upside as rebound from 185.21 resumes. Further rise is expected to retest 188.90 resistance first. Firm break there will resume larger up trend. Next near term target will be 61.8% projection of 178.71 to 188.90 from 185.21 at […]

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10/08/2024

USD/CHF Weekly Outlook

USD/CHF rebounded after initial fall to 0.8431 last week. While further rise cannot be ruled out, outlook will stay bearish as long as 38.2% retracement of 0.9223 to 0.8431 at 0.8734 holds. On the downside, below 0.8559 minor support will bring retest of 0.8431 first. Break there will resume the fall from 0.9223 to 0.8332 […]
23/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 144.19; (P) 145.55; (R1) 146.63; More… Intraday bias in USD/JPY remains neutral for the moment. On the downside, break of 144.44 temporary low will reaffirm the case that rebound form 141.67 has completed, and bring retest of this low. On the upside, break of 149.35 will resume the rebound to 61.8% retracement […]
02/10/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1028; (P) 1.1086; (R1) 1.1127; More…. No change in EUR/USD’s outlook and intraday bias stays neutral for consolidations below 1.1213 short term top. Further rally is still expected 1.1001 cluster support holds (38.2% retracement of 1.0665 to 1.1213 at 1.1004). Break of 1.1213 will target 1.1274 high. However, decisive break of 1.1001/4 […]