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Daily Pivots: (S1) 0.8371; (P) 0.8392; (R1) 0.8405; More… Intraday bias in EUR/GBP remains on the downside as fall from 0.8472 short term top is in progress. Sustained break of 55 D EMA (now at 0.8354) will argue that whole rebound from 0.8221 has completed as a corrective move. Nevertheless, strong bounce from the 55 […]

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12/10/2024

EUR/USD Weekly Outlook

EUR/USD’s fall from 1.1213 extended to as low as 1.0899 last week, but lost momentum after hitting 38.2% retracement of 1.0447 to 1.1213 at 1.0920. Initial bias is turned neutral this week for some consolidations first. Further decline is expected as long as 1.1036 resistance holds. Sustained trading below 1.0920 will argue that fall from […]
28/11/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 149.97; (P) 151.60; (R1) 152.75; More… Intraday bias in USD/JPY is turned neutral with loss of momentum as seen in 4H MACD. Strong support could be seen from 38.2% retracement of 139.57 to 156.74 at 150.18 to complete the corrective fall from 156.74. On the upside, break of 153.23 support turned resistance […]
09/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 160.28; (P) 160.84; (R1) 161.35; More… Intraday bias in USD/JPY remains neutral for the moment, as range trading continues. Further rally is expected with 160.25 minor support intact. On the upside, break of 161.94 temporary top will resume larger up trend to 61.8% projection of 146.47 to 160.20 from 154.53 at 163.01. […]