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Daily Pivots: (S1) 196.14; (P) 197.55; (R1) 199.22; More… A temporary low should be formed at 195.84 and intraday bias in GBP/JPY is turned neutral for consolidations. Risk will stay on the downside as long as 202.08 support turned resistance holds. Sustained trading below 38.2% retracement of 178.32 to 208.09 at 196.71 will argue that […]

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28/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2612; (P) 1.2641; (R1) 1.2670; More… No change in GBP/USD’s outlook and further decline is expected with 1.2702 resistance intact. Sustained trading below 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and below. On the upside, however, firm break of 1.2702 resistance will argue […]
03/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 161.22; (P) 161.52; (R1) 161.76; More… USD/JPY’s rally continues today despite some loss of upside momentum. Intraday bias stays on the upside at this point. Current up trend should target 61.8% projection of 146.47 to 160.20 from 154.53 at 163.01. On the downside, below 160.95 minor support will turn intraday bias neutral […]
13/05/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6591; (P) 0.6608; (R1) 0.6620; More… Intraday bias in AUD/USD remains neutral for the moment. Further rally is in favor as long as 55 4H EMA (now at 0.6577) holds. Above 0.6645 will resume the rebound from 0.6361. On the downside, however, firm break of 55 4H EMA will bring deeper fall […]