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Daily Pivots: (S1) 1.3358; (P) 1.3387; (R1) 1.3442; More… GBP/USD’s rally continues today and hit as high as 1.3429 so far. Intraday bias stays on the upside for 100% projection of 1.2664 to 1.3265 from 1.3000 at 1.3601 next. On the downside, below 1.3331 minor support will turn intraday bias neutral and bring consolidations first, […]

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17/08/2024

EUR/USD Weekly Outlook

EUR/USD retreated after edging higher to 1.1046 last week but stayed in range above 1.0880 support. Initial bias remains neutral this week for consolidations, and further rally is in favor. On the upside, firm break of 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1058 could prompt upside acceleration through 1.1138 resistance to 161.8% […]
01/06/2024

EUR/USD Weekly Outlook

EUR/USD dipped to 1.0788 last week but quickly recovered. Initial bias remains neutral this week first. On the upside, firm break of 1.0894 will resume whole rally from 1.0601, and target 61.8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. For now, risk will stay on the upside as long as 1.0788 support holds, […]
02/09/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 145.13; (P) 145.69; (R1) 146.72; More… USD/JPY’s break of 146.47 resistance suggests that pull back from 149.35 has already completed at 143.43. More importantly, rebound from 141.67 could be ready to resume. Intraday bias is back on the upside for 149.35 resistance first. Firm break there will target 100% projection of 141.67 […]