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Daily Pivots: (S1) 188.18; (P) 188.98; (R1) 189.90; More… GBP/JPY’s break of 188.23 support suggests that rebound from 180.00 has already completed at 193.45, ahead of 55 D EMA. Intraday bias is back on the downside for retesting 180.00. Firm break there will resume whole fall from 208.09. For now, risk will stay on the […]

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02/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0716; (P) 1.0758; (R1) 1.0784; More… EUR/USD’s decline is still in progress and intraday bias stays on the downside for 1.0694 support. Decisive break there will resume the whole decline from 1.1138 and target 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536. On the upside, above 1.0767 minor resistance will […]
11/09/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1006; (P) 1.1028; (R1) 1.1041; More…. Intraday bias in EUR/USD stays neutral with focus on 38.2% retracement of 1.0665 to 1.1200 at 1.0996. Strong rebound from there will retain near term bullishness. Break of 1.1153 will indicate that larger rally is resuming through 1.1200 resistance to 1.1274 high. However, sustained break of […]
08/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 143.63; (P) 144.80; (R1) 145.80; More… Intraday bias in USD/JPY stays neutral at this point. On the upside, above 145.97 will resume the rebound from 140.25. But upside should be limited by 61.8% retracement of 151.89 to 140.25 at 147.44. On the downside, below 143.17 minor support will turn bias back to […]