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Daily Pivots: (S1) 0.8546; (P) 0.8564; (R1) 0.8599; More… Immediate focus is now on 0.8577 resistance in EUR/GBP with current rebound. Decisive break there will argue that fall from 0.8764 has completed and turn bias back to the upside for stronger rebound. On the downside, decisive break of 0.8491/7 support zone will resume larger down […]

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26/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 143.37; (P) 144.93; (R1) 145.81; More… Intraday bias in USD/JPY remains on the downside for retesting 141.67 low. Firm break there will resume the whole fall from 161.94 to 140.25 support next. For now, risk will stay on the downside as long as 149.35 resistance holds, in case of recovery. In the […]
29/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 178.86; (P) 180.18; (R1) 181.35; More… Range trading continues in GBP/JPY above 178.32 and intraday bias remains neutral. 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. However, decisive break […]
11/09/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8450; (P) 0.8476; (R1) 0.8495; More… Range trading continues in USD/CHF and intraday bias remains neutral. With 0.8356 resistance intact, further decline is expected. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. However, considering bullish […]