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EUR/GBP’s late breach of 0.8535 minor support argues that recovery from 0.8497 has completed at 0.8577 already. Initial bias is now on the downside this week for retesting 0.8491/7 support zone. Decisive break there will resume larger down trend. For now, risk will stay on the downside as long as 0.8577 resistance holds, in case […]

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05/08/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 159.20; (P) 160.40; (R1) 161.09; More… EUR/JPY’s decline continues today and breached 155.91 fibonacci level. There is no sign of bottoming yet and intraday bias remains on the downside. Next target is 153.15 support. On the upside, above 159.69 minor resistance will turn intraday bias neutral and bring consolidations first, before staging […]
24/10/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 163.50; (P) 164.26; (R1) 165.47; More…. Intraday bias in EUR/JPY remains on the upside for the moment. Rise from 155.14 is in progress and should target 61.8% retracement of 175.41 to 154.40 at 167.38. Sustained break there will pave the way to retest 175.41 high. On the downside, break of 161.83 support […]
25/06/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8919; (P) 0.8932; (R1) 0.8943; More…. USD/CHF is still bounded in consolidation from 0.8825 and intraday bias stays neutral at this point. Near term outlook remains bearish with 0.8992 resistance intact. Break of 0.8825 will resume the fall from 0.9223 to 61.8% retracement of 0.8332 to 0.9223 at 0.8672. In the bigger […]