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Daily Pivots: (S1) 1.2716; (P) 1.2731; (R1) 1.2745; More… Intraday bias in GBP/USD remains on the downside at this point. Fall from 1.2892 is in progress for 55 D EMA (now at 1.2677). Firm break there will target 1.2517 structural support. For now, risk will stay mildly on the downside as long as 1.2822 minor […]

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GBP/JPY Daily Outlook

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02/07/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8971; (P) 0.8990; (R1) 0.9007; More… Intraday bias in USD/CHF remains on the upside at this point, for channel resistance (now at 0.9034). Fall from 0.9223 might have completed as a three-wave corrective move to 0.8825. Firm break of channel resistance will target 0.9157 resistance next. On the downside, below 0.8956 minor […]
31/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 156.23; (P) 156.96; (R1) 157.54; More… Focus stays on 156.57 minor support in USD/JPY. Decisive break there will confirm short term topping at 157.70, on bearish divergence condition in 4 H MACD. Intraday bias will be back on the downside for 153.59 support. Firm break there will target 151.86 and below as […]
10/05/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 155.12; (P) 155.54; (R1) 155.91; More… No change in USD/JPY’s outlook and intraday bias stays mildly on the upside. Rebound from 151.86 is seen as the second leg of the corrective pattern from 160.20 high. Further rise would be seen to 157.98 resistance. On the downside, below 154.23 minor support will turn […]