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Daily Pivots: (S1) 1.0747; (P) 1.0822; (R1) 1.0864; More… EUR/USD’s break of 1.0779 support suggests that fall from 1.1138 is resuming. Intraday bias is back on the downside for 1.0722 support. considering bullish convergence condition in 4H MACD, strong support could be seen there to bring rebound. But break of 1.0896 resistance is needed to […]

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GBP/JPY Daily Outlook

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19/08/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.14; (P) 162.99; (R1) 163.68; More… Intraday bias in EUR/JPY remains neutral for the moment. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second leg of the corrective pattern from 175.41. On the downside, below 160.57 minor support will turn bias back […]
29/12/2023

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8667; (P) 0.8691; (R1) 0.8713; More… For now, further rally could still be seen in EUR/GBP with 0.8649 intact. Rebound from 0.8548 could extend to 0.8764 key resistance. Nevertheless, break of 0.8649 will argue that the rebound has completed, and turn bias back to the downside for 0.8548 support instead. In the […]
09/07/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 160.28; (P) 160.84; (R1) 161.35; More… Intraday bias in USD/JPY stays neutral at this point. Further rally is expected with 160.25 minor support intact. On the upside, break of 161.94 temporary top will resume larger up trend to 61.8% projection of 146.47 to 160.20 from 154.53 at 163.01. Nevertheless, break of 160.25 […]