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Daily Pivots: (S1) 198.02; (P) 198.42; (R1) 198.85; More… Intraday bias in GBP/JPY is turned neutral with current retreat and some more consolidations would be seen first. Near term outlook will stay bullish as long as 193.99 support holds. Above 198.78 will resume the rise from 184.35 to 199.79 resistance. Break there will target 100% […]

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05/08/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8523; (P) 0.8631; (R1) 0.8689; More… Intraday bias in USD/CHF remains on the downside at this point. Current fall from 0.9223 should target a retest on 0.8332 low. On the upside, above 0.8594 minor resistance will turn intraday bias neutral and bring consolidations, before staging another fall. In the bigger picture, price […]
11/10/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 148.04; (P) 148.79; (R1) 149.33; More… Intraday bias in USD/JPY remains neutral for consolidation below 149.58 temporary top. Further rally is expected as long as 145.91 minor support holds. Rise from 139.57 is s seen as the second leg of the corrective pattern from 161.94. Break of 149.58 will target 61.8% retracement […]
08/11/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 164.80; (P) 165.39; (R1) 165.79; More…. EUR/JPY’s retreat from 166.67 extends lower today but stays above 164.25 minor support. Intraday bias remains neutral for the moment, and further rally is in favor. On the upside, Sustained break of 61.8% retracement of 175.41 to 154.40 at 167.38 will pave the way to retest […]