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Daily Pivots: (S1) 165.57; (P) 167.39; (R1) 168.64; More… EUR/JPY’s steep decline from 175.41 extends further today and there is no sign of bottoming yet. Medium term channel support is also breached. Intraday bias stays on the downside for 164.29 key resistance turned support. Firm break there will argue that larger scale correction is underway […]

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GBP/JPY Daily Outlook

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EUR/USD Mid-Day Outlook

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06/06/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8901; (P) 0.8925; (R1) 0.8959; More…. Intraday bias in USD/CHF remains neutral for the moment. Strong rebound from current level, followed by break of 0.8987 support turned resistance, will suggest that correction from 0.9223 has completed, and retain near term bullishness. However, sustained break of 0.8883 fibonacci level will carry larger bearish […]
27/07/2024

GBP/USD Weekly Outlook

GBP/USD gyrated lower last week but failed to break through 1.2859 resistance turned support decisively. Initial bias remains neutral first. Further rally is in favor. Break of 1.3043 will resume the rise from 1.2298. However, firm break of 1.2859 will turn bias to the downside for deeper decline to 55 D EMA (now at 1.2771). […]
15/08/2024

EUR/JPY Mid-Day Outlook

Daily Pivots: (S1) 161.02; (P) 161.81; (R1) 163.02; More… EUR/JPY’s break of 38.2% retracement of 175.41 to 154.40 at 162.42 suggests that fall from 175.41 has completed at 154.40. Rise from there is now seen as the second leg of the corrective pattern from 175.41. Intraday bias is on the upside or 61.8% retracement at […]