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Daily Pivots: (S1) 185.34; (P) 186.72; (R1) 187.71; More… GBP/JPY’s fall from 193.45 extends lower today and intraday bias stays on the downside for retesting 180.00 low. Break there will resume whole fall from 208.09. On the upside, above 188.08 minor resistance will turn intraday bias neutral. In the bigger picture, price actions from 208.09 […]

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EUR/JPY Daily Outlook

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03/08/2024

EUR/USD Weekly Outlook

While the dip to 1.0776 was deeper than expected, EUR/USD’s subsequent strong rebound suggests that pullback from 1.0947 has completed already. Initial bias stays on the upside for retesting 1.0947 first. Firm break there will target 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1056. For now, risk will stay on the upside as […]
17/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 191.68; (P) 192.24; (R1) 192.84; More.. Intraday bias in GBP/JPY remains neutral as range trading continues. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. Nevertheless, decisive break of 189.97 support will indicate that it’s at least correcting the rise from 178.32, and target 38.2% […]
07/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8559; (P) 0.8571; (R1) 0.8584; More… Intraday bias in EUR/GBP stays neutral at this point. Focus remains on 0.8582 resistance. Further decline is expected as long as 0.8582 resistance holds. Below 0.8529 will target 0.8491/7 support zone. However, decisive break of 0.8582 will bring stronger rise back to 0.8643 resistance instead. In […]