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Daily Pivots: (S1) 1.3170; (P) 1.3197; (R1) 1.3215; More… Intraday bias in GBP/USD remain son the upside despite some loss of momentum. Current up trend should target 100% projection of 1.2298 to 1.3043 from 1.2664 at 1.3409. On the downside, below 1.3075 minor support will turn intraday bias neutral and bring consolidations, before staging another […]

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18/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 170.11; (P) 171.47; (R1) 172.23; More… EUR/JPY’s break of 170.87 resistance turned support argues that fall from 175.41 might be correcting whole rise from 153.15 already. Intraday bias is back on the downside. Sustained trading below 55 D EMA (now at 170.30) will target 38.2% retracement of 153.15 to 175.41 at 166.90. […]
20/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.78; (P) 148.05; (R1) 148.44; More… Intraday bias in USD/JPY is turned neutral with loss of momentum as seen in 4H MACD. Some consolidations could be seen, but further rally is expected as long as 145.97 resistance turned support holds. Above 148.79 will resume the whole rise from 140.25 to 151.89/93 key […]
12/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2713; (P) 1.2732; (R1) 1.2759; More… Sideway trading continues in GBP/USD and intraday bias stays neutral. Considering bearish divergence condition in 4H MACD, firm break of 1.2680 support will turn bias back to the downside for 55 D EMA (now at 1.2658) and below. Nevertheless, break of 1.2816 will resume the rise […]