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Daily Pivots: (S1) 157.07; (P) 160.28; (R1) 161.99; More…. Intraday bias in EUR/JPY stays on the downside for the moment. Current development suggest that corrective pattern from 154.40 might have completed with three waves to 163.47 already. Deeper decline would be seen o retest 154.40/155.14 support zone. For now, risk will stay mildly on the […]

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09/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 205.28; (P) 205.98; (R1) 206.66; More… Intraday bias in GBP/JPY is turned neutral with loss of momentum as seen in 4H MACD. On the upside, sustained break of 100% projection of 191.34 to 200.72 from 197.18 at 206.56 will target 138.2% projection at 210.17. On the downside, below 204.97 minor support will […]
20/06/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 200.64; (P) 200.88; (R1) 201.35; More… Intraday bias in GBP/JPY remains neutral as consolidations continues below 201.59. Further rally is expected as long as 197.18 support holds. However, considering bearish divergence condition in 4H MACD, firm break of 197.18 will confirm short term topping, and turn bias back to the downside for […]
22/03/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8878; (P) 0.8936; (R1) 0.9033; More…. Intraday bias in USD/CHF remains on the upside at this point. Current rally from 0.8332 is in progress for 100% projection projection of 0.8550 to 0.8884 from 0.8728 at 0.9062. On the downside, below 0.8922 minor support will turn intraday bias neutral again. But, outlook will […]