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Daily Pivots: (S1) 0.8507; (P) 0.8523; (R1) 0.8534; More…. Intraday bias in EUR/GBP remains on the downside at this point. Correction from 0.8624 is in progress for 100% projection of 0.8624 to 0.8530 from 0.8591 at 0.8497, which is close to 55 D EMA (now at 0.8494). Strong support should be seen there to bring […]

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11/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 168.50; (P) 168.86; (R1) 169.42; More… Range trading continues in EUR/JPY and intraday bias stays neutral. On the downside, break of 168.01 support will strengthen the case that rise from 164.31 has completed at 170.78 already. Intraday bias will be back on the downside for 167.31 support, and then 164.01. Nevertheless, break […]
16/12/2023

GBP/JPY Weekly Outlook

Much volatility was seen in GBP/JPY, as it reversed after failing to break through 184.44 support turned resistance, and then dived to 178.32, then recovered again. Initial bias stays neutral this week first. Deeper decline is expected as long as 184.30 resistance holds. Break of 178.32 will resume the whole fall from 188.63. Sustained break […]
13/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2733; (P) 1.2796; (R1) 1.2862; More… Near term outlook in GBP/USD will stay bullish as long as 1.2687 support holds. Rise from 1.2298 should target 1.2892 resistance. Decisive break there will strengthen the case that correction from 1.3141 has completed, and bring further rally to retest this high. In the bigger picture, […]