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USD/JPY dipped to 145.88 last week as consolidation from 148.79 extended, but rebounded strongly since then. Initial focus now on 148.79 this week. Firm break there will resume the rally from 140.25 to 151.89/93 key resistance zone. For now, further rise will remain in favor as long as 145.88 holds, in case of retreat. In […]

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GBP/USD Daily Outlook

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19/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0942; (P) 1.0980; (R1) 1.1010; More….. Intraday bias in EUR/USD is back on the upside as rise from 1.0665 is resuming through 1.1046. Firm break of 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1058 could prompt upside acceleration through 1.1138 resistance to 161.8% projection at 1.1232. However, considering bearish divergence […]
13/03/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.20; (P) 188.70; (R1) 189.42; More….. Intraday bias in GBP/JPY stays neutral for the moment. On the downside, below 187.94 will resume the decline from 191.29 to 38.2% retracement of 178.32 to 191.29 at 186.33. Sustained break there will raise the chance of larger scale correction and target 61.8% retracement at 183.27. […]
15/05/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0783; (P) 1.0804; (R1) 1.0842; More… Intraday bias in EUR/USD remains on the upside as rise from 1.0601 is in progress. Firm break of 1.0884 will pave the way to 1.0980 resistance next. On the downside, below 1.0812 minor support will turn intraday bias neutral first. But further rally is expected as […]