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Daily Pivots: (S1) 0.8375; (P) 0.8389; (R1) 0.8396; More… Intraday bias in EUR/GBP remains on the downside, and fall from 0.8737 is in progress for 0.8314 support. Break there will bring retest of 0.8239 low. On the upside, above 0.8400 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as long […]

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14/06/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8921; (P) 0.8945; (R1) 0.8962; More…. Intraday bias in USD/CHF remains neutral for the moment and more sideway trading could be seen. 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 […]
23/02/2024

USD/JPY Mid-Day Outlook

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. […]
06/03/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0840; (P) 1.0858; (R1) 1.0875; More… Immediate focus is now on 1.0887 resistance in EUR/USD with today’s rally. Firm break there will resume whole rise from 1.0694. Also, sustained trading above 55 D EMA (now at 1.0831) will affirm the case that fall from 1.1138 has completed. In this case, intraday bias […]