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Daily Pivots: (S1) 149.79; (P) 150.26; (R1) 150.56; More… USD/JPY is still extending the consolidation from 150.87 and intraday bias remains neutral. On the upside, break of 150.87 will resume the rise from 140.25 to 151.89/93 key resistance zone. On the other hand, considering bearish divergence condition in 4H MACD, firm break of 149.20 will […]

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EUR/USD Mid-Day Outlook

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USD/JPY Daily Outlook

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08/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 144.69; (P) 146.30; (R1) 148.31; More… Intraday bias in USD/JPY remains neutral an further decline is expected with 150.88 resistance intact. On the downside, below 144.04 minor support will bring retest of 141.67 first. Break there will resume the fall from 161.94 to 140.25 support next. In the bigger picture, the strong […]
27/04/2024

EUR/GBP Weekly Outlook

EUR/GBP edged higher to 0.8643 last week but reversed after rejection by medium term trendline resistance. Initial bias stays on the downside this week for retesting 0.8491/7 support zone. On the upside, above 0.8582 minor resistance will turn intraday bias neutral first. In the bigger picture, outlook remains bearish as EUR/GBP is capped below medium […]
30/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2674; (P) 1.2697; (R1) 1.2731; More… GBP/USD is still bounded in range trading and intraday bias stays neutral at this point. Another fall cannot be ruled out, but downside should be contained above 1.2499 support to bring rebound. On the upside, firm break of 1.2784 resistance will suggest that consolidation pattern has […]