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Daily Pivots: (S1) 192.90; (P) 193.85; (R1) 194.86; More… Intraday bias in GBP/JPY remains on the downside for the moment. Current development suggests that corrective rise from 180.00 has completed with three waves up to 199.79. Deeper fall would be seen to 183.70 support. For now, risk will stay on the downside as long as […]

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11/12/2023

EUR/JPY Daily Outlook

Daily Pivots: (S1) 154.54; (P) 155.32; (R1) 156.76; More.. EUR/JPY’s recovery from 153.15 extends higher today but outlook is unchanged. Upside should be limited below 158.36 minor resistance to bring another fall. On the downside, below 155.98 will turn bias to the downside for retesting 153.15. Break of 153.15 and sustained trading below 38.2% retracement […]
08/03/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8757; (P) 0.8793; (R1) 0.8813; More…. Immediate focus is now on 0.8741 support in USD/CHF. Decisive break there will argue that whole rebound from 0.8332 has completed at 0.8891. Deeper fall would then be seen back to 0.8550 support next. Nevertheless, strong bounce from current level will retain near term bullishness for […]
15/11/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0490; (P) 1.0536; (R1) 1.0576; More… Intraday bias in EUR/USD stays neutral for consolidations above 1.0495 temporary low. But outlook will remain bearish as long as 1.0760 support turned resistance holds. On the downside, firm break of 100% projection of 1.1213 to 1.0760 from 1.0936 at 1.0483 will target 1.0404 key fibonacci […]