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Daily Pivots: (S1) 196.63; (P) 197.21; (R1) 198.03; More… GBP/JPY’s rally resumed after brief consolidations and intraday bias is back on the upside. Current rise from 180.00 should target a retest on 208.09 high next. On the downside, below 196.37 minor support will turn intraday bias neutral again first. In the bigger picture, price actions […]

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20/02/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2577; (P) 1.2604; (R1) 1.2623; More… No change in GBP/USD’s outlook as range trading continues. Intraday bias stays neutral at this point. On the upside, break of 1.2691 resistance will indicate that correction from 1.2826 has completed. Intraday bias will be back on the upside for retesting 1.2826. Nevertheless, decisive break of […]
24/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.71; (P) 148.03; (R1) 148.44; More… No change in USD/JPY’s outlook as consolidation from 148.79 is still extending. Deeper retreat cannot be ruled out, but further rally is expected as long as 145.97 resistance turned support holds. Corrective fall from 151.89 should have completed at 140.25 already. Break of 148.79 will resume […]
25/11/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 192.90; (P) 193.85; (R1) 194.86; More… Intraday bias in GBP/JPY remains on the downside for the moment. Current development suggests that corrective rise from 180.00 has completed with three waves up to 199.79. Deeper fall would be seen to 183.70 support. For now, risk will stay on the downside as long as […]