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Daily Pivots: (S1) 0.8539; (P) 0.8551; (R1) 0.8565; More… EUR/GBP’s decline is still in progress despite loss of downside momentum. Intraday bias stays on the downside. Current fall from 0.8713 is part of the larger down trend. Deeper decline should be seen to 0.8491 low, and then 0.8464 projection level. On the upside, above 0.8591 […]

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EUR/USD Daily Outlook

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05/03/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 150.05; (P) 150.31; (R1) 150.78; More… No change in USD/JPY’s outlook as consolidation from 150.87 is extending. Intraday bias stays neutral for the moment. On the upside, break of 150.87 will resume the rise from 140.25 to 151.89/93 key resistance zone. On the other hand, considering bearish divergence condition in 4H MACD, […]
18/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2721; (P) 1.2741; (R1) 1.2755; More… Intraday bias in GBP/USD remains mildly on the downside at this point. Fall from 1.2892 short term top should target 55 D EMA (now at 1.2673). Firm break there will bring deeper fall to 1.2517 structural support. For now, risk will stay mildly on the downside […]
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 […]