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Daily Pivots: (S1) 0.9066; (P) 0.9098; (R1) 0.9117; More… USD/CHF’s is staying well above 0.8956 resistance turned support despite today’s dip and intraday bias stays neutral. Outlook will remain bullish as long as 0.8956 resistance turned support holds. Above 0.9136 will resume the rally from 0.8374 to 0.9223 key resistance next. However, firm break of […]

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USD/JPY Mid-Day Outlook

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12/11/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 163.33; (P) 163.99; (R1) 164.50; More…. Intraday bias in EUR/JPY remains on the downside. Sustained trading below 55 D EMA (now at 163.34) will argue that whole corrective rise from 154.40 has completed with three waves up to 166.67. Deeper decline should then be seen back to 154.40/155.14 support zone. On the […]
03/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2638; (P) 1.2663; (R1) 1.2710; More… Intraday bias in GBP/USD stays neutral for the moment as range trading continues. On the upside, firm break of 1.2705 resistance will argue that pull back from 1.2859 has completed, and bring retest of this high instead. Nevertheless, sustained trading below 1.2633 resistance turned support will […]
03/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2552; (P) 1.2565; (R1) 1.2592; More… Intraday bias in GBP/USD is turned neutral with current recovery and some consolidations could be seen first. But risk will stay on the downside as long as 1.2667 resistance holds, in case of recovery. Below 1.2538 will target 1.2517 structural support. Decisive break there will suggest […]