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Daily Pivots: (S1) 1.2608; (P) 1.2626; (R1) 1.2643; More… GBP/USD’s fall from 1.2892 resumed by breaking 1.2574 support. Intraday bias is back on the downside for 1.2517 structural support first. Decisive break there will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish. For now, risk will stay […]

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GBP/JPY Daily Outlook

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02/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 189.90; (P) 190.63; (R1) 191.08; More….. Intraday bias in GBP/JPY is mildly on the downside as fall from 193.51 short term top extends. Deeper decline would be seen towards 187.94 structural support. On the upside, break of 191.65 minor resistance will turn bias back to the upside for retesting 193.51. In the […]
25/07/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6423; (P) 1.6450; (R1) 1.6498; More… EUR/AUD’s rally from 1.5996 accelerates higher today and intraday bias stays on the upside for 1.6742 resistance. Decisive break there will argue that larger up trend is ready to resume and target 1.7062 high next. On the downside, below 1.6464 minor support will turn intraday bias […]
25/05/2024

USD/JPY Weekly Outlook

USD/JPY’s rebound from 151.86 resumed last week by breaking through 156.78 resistance. Initial bias remains mildly on the upside this week for 100% projection of 151.86 to 156.78 from 153.59 at 158.51. On the downside, below 155.83 minor support will turn intraday bias neutral first. Further break of 153.69 will target 151.86 and below as […]