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Daily Pivots: (S1) 0.8509; (P) 0.8517; (R1) 0.8527; More…. No change in EUR/GBP’s outlook and intraday bias stays neutral for the moment. Further decline is expected as long as 55 D EMA (now at 0.8549) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next. However, sustained break of 55 […]

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19/09/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 157.36; (P) 157.87; (R1) 158.69; More…. EUR/JPY’s break of 158.71 minor resistance suggests that fall form 163.89 has completed at 155.14 already. Rebound from there is seen as the third leg of the corrective pattern from 154.40. Intraday bias is back on the upside for 163.89, and possibly further to 61.8% retracement […]
02/02/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 158.28; (P) 159.28; (R1) 159.98; More… Immediate focus is now on 158.55 support in EUR/JPY. Sustained break there will argue that rebound from 153.15 has completed at 161.84 already. Fall from there is then seen as the third leg of the pattern from 164.29 high. Intraday bias will be turned back to […]
12/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 182.01; (P) 183.17; (R1) 184.68; More… Intraday bias in GBP/JPY is turned neutral first with current retreat. On the downside, break of 181.66 minor support will suggest that rebound from 178.58 has completed. Intraday bias will be back to the downside for retesting 178.58 low. Overall outlook will stay bearish as long […]