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Daily Pivots: (S1) 160.60; (P) 161.11; (R1) 162.01; More…. Intraday bias in EUR/JPY remains neutral as range trading continues below 163.86. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second leg of the corrective pattern from 175.41. On the downside, however, firm break of 159.80 […]

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18/06/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0701; (P) 1.0719; (R1) 1.0753; More…. Intraday bias in EUR/USD remains neutral and some more consolidations could be seen above 1.0667. Further fall is expected as long as 55 4H EMA (now at 1.0765) holds. Fall from 1.0915 is seen as another leg in the larger corrective pattern. Below 1.0677 will target […]
13/06/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 199.96; (P) 200.46; (R1) 201.08; More… Intraday bias in GBP/JPY is back on the upside as up trend resumes. Next target is 61.8% projection of 191.34 to 200.72 from 197.18 at 202.97. On the downside, below 199.92 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally. […]
26/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2464; (P) 1.2495; (R1) 1.2543; More… No change in GBP/USD’s outlook and intraday bias stays neutral. Near term outlook stays bearish as long as 1.2538 support turned resistance holds. Break of 1.2421 minor support will argue that rebound from 1.2298 has completed and bring retest of this low. However, decisive break of […]