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EUR/GBP’s down trend resumed by breaking through 0.8309 last week. Initial bias remains on the downside this week for 0.8201 key support next. Strong support could be seen from there to break rebound. But for now, break of 0.8433 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of […]

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GBP/JPY Weekly Outlook

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EUR/USD Weekly Outlook

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10/10/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.67; (P) 163.07; (R1) 163.75; More…. Intraday bias in EUR/JPY is still neutral at this point. On the upside, break of 163.47 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 158.09 will bring deeper fall back to 154.40/155.14 support […]
29/08/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3151; (P) 1.3208; (R1) 1.3249; More… Intraday bias in GBP/USD remains neutral as consolidations continues below 1.3265. Downside of retreat should be contained well above 1.3043 resistance turned support to bring rebound. On the upside, above 1.3265 will resume larger up trend to 100% projection of 1.2298 to 1.3043 from 1.2664 at […]
05/12/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 146.48; (P) 146.97; (R1) 147.70; More… Intraday bias in USD/JPY remains neutral for consolidation above 146.22 temporary top. Further decline is expected as long as 148.50 resistance holds, even in case of stronger recovery. On the downside, firm break of 146.22 will resume the fall from 151.89 to 145.06 key support level. […]