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Daily Pivots: (S1) 199.10; (P) 199.82; (R1) 200.30; More… Intraday bias in GBP/JPY remains neutral first. On the downside, break of 198.99 support will resume the fall from 201.24 to 197.93 support. Considering bearish divergence condition in both D and 4H MACD, firm break of 197.93 will indicate bearish reversal and bring deeper fall back […]

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16/12/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8907; (P) 0.8927; (R1) 0.8947; More… Intraday bias in USD/CHF stays on the upside with focus on 0.8956 resistance. Decisive break there will confirm resumption of whole rally from 0.8374. Next target is 61.8% projection of 0.8374 to 0.8956 from 0.8735 at 0.9095. On the downside, below 0.8866 minor support will delay […]
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GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.53; (P) 191.04; (R1) 191.43; More… Further rise remains mildly in favor in GBP/JPY as long as 189.28 minor support holds. Rebound from 184.35 would target 195.95 resistance next. However, break of 189.28 will suggest that the rebound has completed and turn bias back to the downside. In the bigger picture, price […]
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USD/JPY Daily Outlook

Daily Pivots: (S1) 153.89; (P) 154.63; (R1) 155.41; More… Intraday bias in USD/JPY stays neutral and further rally is in favor as long as 153.87 resistance turned support holds. Break of 156.74 will resume the rally from 139.57 towards 161.91 high. However, firm break of 153.87 and the near term rising channel would confirm short […]