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Daily Pivots: (S1) 153.12; (P) 153.57; (R1) 154.34; More… No change in USD/JPY’s outlook and intraday bias stays neutral. On the upside, firm break of 55 4H EMA (now at 154.81) will bring stronger rebound towards 157.98 resistance. On the downside, below 151.86 will resume the fall from 160.20. But strong support should be seen […]

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GBP/JPY Daily Outlook

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16/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2705; (P) 1.2735; (R1) 1.2758; More… GBP/USD is staying in range of 1.2611/2826 despite today’s decline. Intraday bias remains neutral first. On the upside, decisive break of 1.2826 will resume whole rally from 1.2036. Nevertheless, break of 1.2611 will bring deeper decline to 1.2499 support instead. In the bigger picture, price actions […]
02/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 140.58; (P) 141.25; (R1) 141.69; More… Intraday bias in USD/JPY is turned neutral as recovery from 140.25 extends. Further decline will remain in favor as long as 142.84 minor resistance holds. Break of 140.25 will resume fall from 151.89 and target 136.63 fibonacci level. Nevertheless, break of 142.84 will turn bias back […]
08/12/2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2554; (P) 1.2584; (R1) 1.2622; More… GBP/USD’s fall from 1.2731 short term top resumed after brief recovery. Intraday bias is back on the downside for 55 D EMA (now at 1.2437). Sustained break there will bring retest of 1.2036 low. On the upside, above 1.2611 minor resistance will turn intraday bias neutral […]