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Daily Pivots: (S1) 0.8592; (P) 0.8606; (R1) 0.8621; More… EUR/GBP’s fall from 0.8713 resumed by breaking through 0.8585 today. Intraday bias is back on the downside for 0.8548 support first. Firm break there will argue that larger down trend is ready to resume through 0.8491 low. On the upside, break of 0.8619 resistance is needed […]

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05/06/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 196.55; (P) 198.48; (R1) 199.73; More…. GBP/JPY recovery after diving to 197.18 support, and intraday bias is turned neutral first. Nevertheless, current development suggests that rise from 191.34 has completed at 200.72 after rejection by 200.53. On the downside, break of 197.18 will resume the fall to 155.02. Further break of 195.02 […]
10/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9042; (P) 0.9071; (R1) 0.9087; More…. No change in USD/CHF’s outlook and intraday bias stays neutral. Further decline is in favor as long as 55 4H EMA (now at 0.9088) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now at 0.9004) will bring deeper fall to […]
15/03/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 147.71; (P) 148.04; (R1) 148.63; More… USD/JPY’s break of 148.29 minor resistance argues that fall from 150.87 is merely a correction, and has completed at 146.47. Intraday bias is back on the upside for retesting 150.87. Nevertheless, on the downside, break of 38.2% retracement of 140.25 to 150.87 at 146.81 will argue […]