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EUR/GBP stayed in consolidation above 0.8396 last week but upside remains capped below 0.8482 support turned resistance. Initial bias stays neutral this week and further decline is expected. On the downside, below 0.8429 minor support will bring retest of 0.8396 low first. Further break there will resume larger down trend to 0.8376 projection level next. […]

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27/01/2024

USD/JPY Weekly Outlook

USD/JPY stayed in consolidation below 148.79 last week and outlook is unchanged. Initial bias remains neutral this week first. With 145.97 resistance turned support intact, further rally is in favor. As noted before, corrective fall from 151.89 should have completed at 140.25 already. Break of 148.79 will resume the rise from there for retesting 151.89/93 […]
02/01/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 140.58; (P) 141.25; (R1) 141.69; More… USD/JPY continues to lose downside momentum as seen in 4H MACD. But further decline will remain in favor as long as 142.84 minor resistance holds. Current fall from 151.89 would target 136.63 fibonacci level. Nevertheless, break of 142.84 will turn bias back to the upside for […]
17/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2592; (P) 1.2664; (R1) 1.2709; More… GBP/USD recovered quickly after brief breach of 1.2611 support and intraday bias remains neutral. On the downside, firm break of 1.2611 will resume the decline from 1.2826 to 1.2499 support. Nevertheless, strong rebound from current level will retain near term bullishness. Decisive break of 1.2826 will […]