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Daily Pivots: (S1) 152.80; (P) 153.30; (R1) 154.14; More… Intraday bias in USD/JPY remains on the upside as rebound from 148.64 is in progress. Further rally should be seen to retest 156.74 first. Firm break there will resume whole rally from 139.57, and target 61.8% projection of 139.57 to 156.74 from 148.64 at 159.25 next. […]

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13/01/2024

EUR/GBP Weekly Outlook

EUR/GBP fell to 0.8585 last week but turned sideway since then. Initial bias stays neutral this week and more consolidations could be seen. But further decline is expected as long as 0.8638 minor resistance holds. On the downside, below 0.8585 will resume the fall from 0.8713 to 0.8548 support. Firm break there will target 0.8491 […]
28/11/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2600; (P) 1.2647; (R1) 1.2728; More… GBP/USD is staying in range of 1.2486/2713. Intraday bias remains neutral and further decline is in favor. On the downside, break of 1.2486 will resume the fall from 1.3433 to 1.2298 cluster support zone. However, firm break of 1.2713 will indicate short term bottoming, and turn […]
21/12/2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0920; (P) 1.0953; (R1) 1.0975; More… EUR/USD rebounds notably today but stays below 1.1008/1016 resistance zone. Intraday bias remains neutral first. Another retreat cannot be ruled out. But further rally is expected as long as 1.0722 support holds. On the upside, break of 1.1016 will resume the whole rise from 1.0447 to […]