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Daily Pivots: (S1) 0.8106; (P) 0.8149; (R1) 0.8233; More… Intraday bias in USDCHF is mildly on the upside at this point. Rebound from 0.8038 short term bottom could extend to 38.2% retracement of 0.9200 to 0.8038 at 0.8482. But strong resistance should be seen there to limit upside. On the downside, break of 0.8038 will […]

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USD/JPY Mid-Day Outlook

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11/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3747; (P) 1.3764; (R1) 1.3775; More… Intraday bias in USD/CAD remains mildly on the upside at this point. Correction from 1.3845 might have completed at 1.3589 already. Further rise would be seen to retest 1.3845 high. On the downside, break of 1.3662 support will extend the corrective pattern from 1.3845 with another […]
27/07/2024

USD/JPY Weekly Outlook

USD/JPY’s fall from 161.94 extended to as low as 151.93 last week, but recovered after breaching 151.98 resistance turned support briefly. Initial bias remains neutral this week for consolidations. Risk will stay on the downside as long as 155.36 support turned resistance holds. Decisive break of 151.89 resistance turned support will argue that large scale […]
29/03/2025

GBP/JPY Weekly Outlook

GBP/JPY’s rise from 187.04 resumed last week, but retreated after hitting 195.95. Initial bias is turned neutral this week first. On the upside, break of 195.95 will extend the rally once again, to 198.94 resistance. However, firm break of 192.00 support will turn bias back to the downside for deeper fall. Overall, corrective pattern from […]