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Daily Pivots: (S1) 1.3335; (P) 1.3384; (R1) 1.3465; More… Intraday bias in GBP/USD remains neutral first, but further rally is expected as long as 1.3265 resistance turned support holds. Above 1.3429 will extend larger rally to 100% projection of 1.2664 to 1.3265 from 1.3000 at 1.3601 next. Nevertheless, break of 1.3265 will turn bias to […]

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GBP/USD Daily Outlook

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20/08/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 145.17; (P) 146.62; (R1) 148.04; More… As noted before, USD/JPY’s rebound from 141.67 could have completed at 149.35 after rejection by 38.2% retracement of 161.94 to 141.67 at 149.41. Intraday bias stays mildly on the downside for retesting 141.67 low. Firm break there will resume the whole fall from 161.94 to 139.26 […]
05/08/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 159.20; (P) 160.40; (R1) 161.09; More… EUR/JPY’s decline continues today and breached 155.91 fibonacci level. There is no sign of bottoming yet and intraday bias remains on the downside. Next target is 153.15 support. On the upside, above 159.69 minor resistance will turn intraday bias neutral and bring consolidations first, before staging […]
27/04/2024

GBP/JPY Weekly Outlook

GBP/JPY’s up trend resumed last week and accelerated to as high as 197.90. Initial bias remains on the upside this week. Next target is 198.89 projection level. On the downside, below 195.85 minor support will turn intraday bias neutral and bring consolidations. But pullback should be contained well above 193.51 resistance turned support to bring […]