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Daily Pivots: (S1) 0.8545; (P) 0.8570; (R1) 0.8584; More… While EUR/GBP recovers ahead of 0.8548, further decline is still expected with 0.8619 resistance intact. Firm break of 0.8548 will argue that larger down trend is ready to resume through 0.8491 low. However, break of 0.8619 will dampen this view and turn bias back to the […]

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19/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 155.29; (P) 156.95; (R1) 157.84; More… USD/JPY rebounded after dipping to 155.36 and intraday bias is turned neutral first. Deeper decline is still expected as long as 158.85 resistance holds. Below 155.36 will extend the fall from 161.94, as a correction to rally from 140.25, to 38.2% retracement of 140.25 to 161.94 […]
05/12/2023

EUR/JPY Daily Outlook

Daily Pivots: (S1) 158.88; (P) 159.36; (R1) 160.02; More…. EUR/JPY’s fall from 164.29 is in progress and intraday bias stays on the downside. Sustained break of 161.8% projection of 164.29 to 161.22 from 163.70 at 158.73 will target 154.32 cluster support (38.2% retracement of 139.05 to 164.29 at 154.64). On the upside, above 159.83 minor […]
13/06/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0745; (P) 1.0799; (R1) 1.0862; More…. Intraday bias in EUR/USD is turned neutral again first with current retreat. On the upside, firm break of 1.0915 will resume whole rise from 1.0601. On the downside, break of 1.0718 will resume the fall from 1.0915 instead. In the bigger picture, price actions from 1.1274 […]