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Daily Pivots: (S1) 148.64; (P) 149.26; (R1) 150.43; More… Intraday bias in USD/JPY is turned neutral again with current recovery. Fall from 158.86, as the third leg of the corrective pattern from 171.96 high, is expected to continue as long as 151.29 resistance holds. Below 148.08 will target 61.8% retracement of 139.57 to 158.86 at […]

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EUR/CHF Daily Outlook

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06/08/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8437; (P) 0.8520; (R1) 0.8606; More… Intraday bias in USD/CHF remains neutral for consolidations above 0.8431. Upside of recovery should be limited by 0.8711 resistance to bring another fall. On the downside, below 0.8431 will resume the decline from 0.9223 to retest 0.8332 low. In the bigger picture, price actions from 0.8332 […]
01/05/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 156.64; (P) 157.25; (R1) 158.42; More… USD/JPY is extending the consolidation pattern from 160.20 and intraday bias remains neutral. In case of another fall, downside should be contained by 38.2% retracement of 146.47 to 160.20 at 154.95 to bring recovery. For now, break of 160.20 is not envisaged in the near term. […]
20/06/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9483; (P) 0.9499; (R1) 0.9520; More…. Intraday bias in EUR/CHF stays on the downside as fall from 0.9928 is in progress. Sustained trading below 61.8% retracement of 0.9252 to 0.9928 at 0.9510 will raise the chance of long term down trend resumption, and target 0.9252 low next. On the upside, above 0.9566 […]