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Daily Pivots: (S1) 1.6284; (P) 1.6333; (R1) 1.6369; More… Break of 1.6322 minor support argues that rebound from 1.6211 has completed at 1.6403 after rejection by 55 D EMA. Intraday bias is back on the downside for retesting 1.6211 first. Firm break there will resume the whole decline from 1.6742, as the third leg of […]

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12/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 206.68; (P) 207.25; (R1) 208.34; More… GBP/JPY recovered after diving sharply to 203.82. While deeper fall could be seen, strong support should emerge from 38.2% retracement of 191.34 to 208.09 at 201.69 to bring rebound, and set the range of consolidations below 208.09 short term top. However, sustained break of 201.69 will […]
06/08/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 141.68; (P) 144.17; (R1) 146.64; More… Intraday bias in USD/JPY remains neutral for consolidation above 141.67. Upside of recovery should be limited by 150.88 resistance to bring another fall. On the downside, break of 141.67 will resume the decline from 161.94 to 140.25 support next. In the bigger picture, the strong break […]
05/09/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1048; (P) 1.1071; (R1) 1.1107; More…. Focus is now on 1.1104 minor resistance in EUR/USD. Firm break there will indicate that pull back from 1.1200 has completed at 1.1025, and bring further rise to retest this high. However, break of 1.1025 will extend the correction from 1.1200 instead. In the bigger picture, […]