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Daily Pivots: (S1) 0.8555; (P) 0.8564; (R1) 0.8570; More… Outlook in EUR/GBP is unchanged and intraday bias stays neutral. On the downside, break of 0.8497 will resume recent fall to 0.8464 projection level. However, considering bullish convergence condition in 4H MACD, sustained break of 0.8571 will confirm short term bottoming, and turn bias back to […]

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USD/JPY Daily Outlook

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07/06/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 155.19; (P) 155.81; (R1) 156.26; More…. USD/JPY rebounds notably in early US session but stays below 157.70 resistance. Intraday bias remains neutral first. On the upside, break of 157.70 will resume the whole rise from 151.86 and target 160.20 high. Nevertheless, break of 154.53 will turn bias to the downside for 151.86 […]
18/04/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0595; (P) 1.0625; (R1) 1.0648; More… Intraday bias in EUR/USD stays neutral as this point as consolidation from 1.0601 is extending. While stronger recovery cannot be ruled out, upside should be limited by 1.0723 support turned resistance. On the downside, break of 1.0601 will resume the decline from 1.1138 to 100% projection […]
17/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2642; (P) 1.2672; (R1) 1.2699; More… Intraday bias in GBP/USD is turned neutral with current retreat. Some consolidations would be seen but further rally is expected as long as 1.2445 support holds. Break of 1.2708 resistance will pave the way to 1.2892 resistance next. In the bigger picture, price actions from 1.3141 […]