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Daily Pivots: (S1) 166.19; (P) 167.10; (R1) 167.87; More… Intraday bias in EUR/JPY stays neutral for consolidations above 164.81 temporary low. Outlook will remain bearish as long as 169.98 resistance holds. On the downside, decisive break of 164.29 support turned resistance will indicate that larger scale correction is underway for 155.91 fibonacci level. In the […]

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09/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8421; (P) 0.8434; (R1) 0.8456; More… Intraday bias in EUR/GBP remains neutral and further decline is expected with 0.8466 resistance intact. On the downside, below 0.8399 will resume the fall from 0.8624 and target 0.8382 support. Firm break there will resume larger down trend. In the bigger picture, as long as 0.8624 […]
13/09/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3063; (P) 1.3095; (R1) 1.3159; More… Intraday bias in GBP/USD is turned neutral first with current recovery. On the upside, firm break of 1.3265 resistance will resume larger rally to 1.3364 projection next. Nevertheless, break of 1.3000 will extend the correction from 1.3265 to 55 D EMA (now at 1.2962) and possibly […]
28/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 170.08; (P) 170.29; (R1) 170.61; More… EUR/JPY’s rally from 164.01 is still in progress and intraday bias stays on the upside. Break of 61.8% projection of 164.01 to 169.38 from 167.31 at 170.62 will target 171.58 high. Strong resistance could be seen there to limit upside. On the downside, below 169.45 minor […]