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EUR/JPY edged higher last week but failed to break through 163.86 resistance. Initial bias remains neutral this week first. On the upside, firm break of 163.86 resistance will resume the rebound from 154.40 to 61.8% retracement of 175.41 to 154.40 at 167.38. On the downside, break of 161.00 minor support will turn bias back to […]

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GBP/JPY Weekly Outlook

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EUR/USD Weekly Outlook

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21/05/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9087; (P) 0.9098; (R1) 0.9118; More…. Intraday bias in USD/CHF is mildly on the upside with breach of 0.9101 resistance. Corrective fall from 0.9223 might have completed with three waves down to 0.8987 already. Further rally should be seen back to retest 0.9223. On the downside, though, break of 0.8987 will resume […]
19/06/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2678; (P) 1.2700; (R1) 1.2730; More… GBP/USD is still in weak recovery today and intraday bias remains neutral. Risk will stay on the downside as long as 1.2859 resistance holds. Firm break of 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and below. In […]
01/06/2024

GBP/JPY Weekly Outlook

GBP/JPY dipped to 198.73 last week after edging higher to 200.72. But it quickly recovered. Initial bias is neutral this week first. On the upside, decisive break of 200.53/72 will confirm larger up trend resumption. On the downside, below 198.73 will turn bias to the downside for 197.07 resistance turned support instead. In the bigger […]