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USD/JPY stayed in consolidation below 148.79 last week and outlook is unchanged. Initial bias remains neutral this week first. With 145.97 resistance turned support intact, further rally is in favor. As noted before, corrective fall from 151.89 should have completed at 140.25 already. Break of 148.79 will resume the rise from there for retesting 151.89/93 […]

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28/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 180.98; (P) 181.58; (R1) 182.14; More… GBP/JPY is still bounded in sideway trading and intraday bias remains neutral at this point. Further decline is expected as long as 184.15 resistance holds. On the downside, break of will resume the decline from 188.63 and target 38.2% retracement of 148.93 to 188.63 at 173.46. […]
05/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2650; (P) 1.2690; (R1) 1.2723; More… Intraday bias in GBP/USD remains neutral as range trading continues. On the upside, break of 1.2826 will resume whole rally from 1.2036. However, break of 1.2611 will indicate short term topping, and turn bias back to the downside for 1.2499 support. In the bigger picture, price […]
30/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8397; (P) 0.8429; (R1) 0.8446; More…. No change in EUR/GBP’s outlook as consolidation from 0.8382 is extending. Outlook continues to stay bearish with 0.8498 resistance intact. Firm break of 0.8382 will resume larger down trend next target will be 138.2% projection of 0.8764 to 0.8497 from 0.8463 at 0.8274. In the bigger […]