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EUR/JPY’s up trend continued to 174.50 last week but turned sideway since then. Initial bias is neutral this week for some more consolidations first. On the upside, firm break of 174.50 will target 138.2% projection of 164.01 to 170.87 from 167.52 at 177.00. On the downside, however, break of 173.07 will turn bias to the […]

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EUR/USD Weekly Outlook

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20/12/2023

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8602; (P) 0.8621; (R1) 0.8644; More…. EUR/GBP’s rise from 0.8548 resumes today and the break of 0.8648 support turned resistance argues that fall from 0.8764 might have completed already. Intraday bias is now on the upside for stronger rebound towards 0.8764 resistance. On the downside, though, break of 0.8597 minor support will […]
30/01/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 186.95; (P) 187.63; (R1) 188.13; More… Intraday bias in GBP/JPY remains neutral as consolidation from 188.90 is extending. Further rally is expected as long as 186.14 support holds. Break of 188.90, and sustained trading above 188.63, will confirm up trend resumption. Next target is 38.2% projection of 155.33 to 188.63 from 178.32 […]
31/07/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0797; (P) 1.0816; (R1) 1.0835; More….. Intraday bias in EUR/USD is turned neutral with current recovery. But further decline is expected with 1.0869 resistance intact. Sustained break of 55 D EMA (now at 1.0815) will argue that whole rebound from 1.0601 has completed with three waves up to 1.0947. Deeper decline should […]