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Daily Pivots: (S1) 145.96; (P) 146.76; (R1) 148.07; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged. While further rise cannot be ruled out, outlook will stay bearish as long as 150.88 resistance holds. On the downside, below 144.04 minor support will bring retest of 141.67 first. Break there will resume the fall […]

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12/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8421; (P) 0.8443; (R1) 0.8463; More… Intraday bias in EUR/GBP remains neutral as consolidation from 0.8399 short term bottom is extending. Stronger recovery might be seen but upside should be limited by 38.2% retracement of 0.8624 to 0.8399 at 0.8485. Break of 0.8399 will bring retest of 0.8382 low. Firm break there […]
26/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8563; (P) 0.8577; (R1) 0.8590; More… Break of 55 4H EMA suggests that EUR/GBP’s rise from 0.8519 has completed at 0.8643, ahead of medium term trend line resistance. near term bearishness is retained. Intraday bias is back on the downside for retesting 0.8491/7 support zone. On the upside, above 0.8599 minor resistance […]
04/01/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 179.73; (P) 180.74; (R1) 182.48; More… Intraday bias in GBP/JPY stays neutral for the moment, and range trading could continue above 178.32. Further decline is expected as long as 184.15 resistance holds. On the downside, break of will resume the decline from 188.63 and target 38.2% retracement of 148.93 to 188.63 at […]