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Daily Pivots: (S1) 160.90; (P) 161.38; (R1) 161.95; More… Intraday bias in EUR/JPY is turned neutral with a temporary top formed at 161.84. Some consolidations could be seen first. But even in case of deep retreat, further rally is expected as long as 158.55 resistance turned support holds. On the upside, break of 161.84 will […]

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EUR/USD Mid-Day Outlook

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03/08/2024

GBP/JPY Weekly Outlook

GBP/JPY’s fall from 208.09 continued last week and accelerated further. This decline is as correcting the whole rally from 148.93. Initial bias stays on the downside this week for 185.49 fibonacci level. On the upside, above 193.23 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another decline. In the bigger […]
17/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2397; (P) 1.2435; (R1) 1.2463; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. Consolidation from 1.2402 is extending, but upside of recovery should be limited by 1.2538 support turned resistance to bring another fall. On the downside, firm break of 1.2404 will resume the decline from 1.2892 to 100% […]
21/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8535; (P) 0.8551; (R1) 0.8562; More… No change in EUR/GBP’s outlook and intraday bias stays on the downside for 0.8529 support. Decisive break there will suggest that larger down trend is ready to resume through 0.8491/7 support one. On the upside, above 0.8567 minor resistance will delay the bearish case and turn […]