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Daily Pivots: (S1) 149.96; (P) 150.18; (R1) 150.50; More… USD/JPY is still bounded in consolidation from 150.87 and intraday bias remains neutral. Another retreat cannot be ruled out, but downside should be contained by 148.79 resistance turned support to bring rise resumption. Above 150.87 will resume the rally from 140.25 to 151.89/93 key resistance zone. […]

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16/09/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8441; (P) 0.8494; (R1) 0.8544; More… Range trading continues in USD/CHF and intraday bias stays neutral at this point. Further decline is expected with 0.8548 resistance intact. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. […]
21/11/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8311; (P) 0.8335; (R1) 0.8357; More… Intraday bias in EUR/GBP stays neutral at this point. Outlook also remains bearish with 0.8446 resistance intact. On the downside, below 0.8306 minor support will turn bias back to the downside for 0.8259 first, and then 0.8201 key support. Nevertheless, firm break of 0.8446 will confirm […]
31/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2815; (P) 1.2841; (R1) 1.2863; More… GBP/USD is losing downside momentum as seen in 4H MACD. But further decline is still expected with 1.2936 resistance intact. Decisive break of 55 D EMA (now at 1.2781) will suggest that rise from 1.2298 has completed with three waves up to 1.3043. Deeper fall would […]