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Daily Pivots: (S1) 1.2592; (P) 1.2621; (R1) 1.2666; More… Intraday bias in GBP/USD remains neutral for the moment. On the downside, decisive break of 1.2517/38 support zone will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish. On the upside, however, firm break of 1.2682 will suggest that […]

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USD/JPY Daily Outlook

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14/08/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.79; (P) 161.29; (R1) 161.94; More… Intraday bias in EUR/JPY stays neutral at this point. Outlook stays bearish with 38.2% retracement of 175.41 to 154.40 at 162.42 intact. On the downside, below 157.71 minor support will bring retest of 154.40 first. Break there will resume the fall from 175.41 to 153.15 support […]
22/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 198.20; (P) 198.56; (R1) 198.84; More… GBP/JPY’s rally continues today and intraday bias stays on the upside. Current rise from 191.34, as the second leg of the corrective pattern from 200.53, should target 100% projection of 191.34 to 180.07 from 195.02 at 200.75. But upside should be limited there. On the downside, […]
16/12/2023

USD/CHF Weekly Outlook

USD/CHF’s fall from 0.9111 continued last week and edged lower to 0.8629 last week. Nevertheless, with subsequent recovery, initial bias is neutral this week for consolidations first. Break of 0.8629 will resume the decline to retest 0.8551 key support level. However, break of 0.8819 will turn bias back to the upside for stronger rebound. In […]