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Daily Pivots: (S1) 190.66; (P) 191.64; (R1) 192.60; More… Intraday bias in GBP/JPY remains on the downside as fall from 199.79 is in progress. As noted before, corrective rise from 180.00 could have completed with three waves up to 199.79. Deeper decline would be seen to 183.70 support next. On the upside, above 193.71 minor […]

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19/09/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8409; (P) 0.8445; (R1) 0.8498; More… No change in USD/CHF’s outlook as it’s still bounded in range of 0.8374/8548. Intraday bias remains neutral for the moment. With 0.8548 resistance intact, further decline is still expected. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive […]
19/03/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2716; (P) 1.2731; (R1) 1.2745; More… Intraday bias in GBP/USD remains on the downside as fall from 1.2892 is in progress. Sustained break of 55 D EMA (now at 1.2677) will target 1.2517 structural support next. On the upside, above 1.2758 minor resistance will turn intraday bias neutral first. In the bigger […]
03/01/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8308; (P) 0.8585; (R1) 0.8779; More…. USD/CHF’s recovery from 0.8332 is extending. But still, with 0.8665 support turned resistance, current price actions are seen as corrective, and outlook stays bearish. On the downside, break of 0.8332 will resume larger fall from 0.9243 to 0.8257 projection level. In the bigger picture, break of […]