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Daily Pivots: (S1) 142.15; (P) 142.66; (R1) 143.30; More… No change in USD/JPY for now despite today’s strong recovery. Upside should be limited below 156.48 resistance to bring another decline. Firm break of 140.94 will resume the whole fall from 151.89. Next target will be next fibonacci level at 136.63. In the bigger picture, fall […]

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EUR/JPY Daily Outlook

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11/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 180.22; (P) 181.14; (R1) 182.71; More… GBP/JPY’s recovery from 178.78 extends higher today but outlook is unchanged. Upside of recovery should be limited below 184.44 support turned resistance to bring another decline. On the downside, below 181.66 minor support will bring retest of 178.68 support first. Firm break of will resume the […]
28/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1160; (P) 1.1175; (R1) 1.1200; More…. EUR/USD is staying in consolidation from 1.1200 and intraday bias remains neutral for the moment. Downside of retreat should be contained above 1.0007 resistance turned support to bring another rally. Above 1.1200 will resume recent rally to 161.8% projection of 1.0665 to 1.0947 from 1.0776 at […]
02/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2622; (P) 1.2661; (R1) 1.2690; More… GBP/USD recovered ahead of 1.2612 support as range trading continues. Intraday bias remains neutral at this point. On the upside, firm break of 1.2705 resistance will argue that pull back from 1.2859 has completed, and bring retest of this high instead. Nevertheless, sustained trading below 1.2633 […]