Intraday bias in USD/JPY remains mildly on the downside with 89.14 minor resistance intact. Current fall from 92.31 should extend further towards 88.00 support first. Break there will confirm medium term down trend resumption for 87.12 low next. On the upside, above 89.14 minor resistance will turn intraday bias neutral…
Tag Archives: bias
USD/CHF Mid-Day Outlook
USD/CHF’s fall from 1.0222 extends further to as low as 1.0071 in early US session and at this point, intraday bias remains mildly on the downside for 1.0032/34 support. As noted before, the corrective structure of the rise from 1.0034 to 1.0222 argues that USD/CHF’s down trend is still in…