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EUR/GBP stayed in consolidation above 0.8294 last week and outlook is unchanged. Initial bias remains neutral this week first. Further decline is expected as long as 0.8433 resistance holds. Break of 0.8294 will resume larger down trend to 0.8201 key support next. Strong support could be seen from there to bring rebound. In the bigger […]

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26/11/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0453; (P) 1.0492; (R1) 1.0534; More… Intraday bias in EUR/USD remains neutral and outlook is unchanged. More consolidations could be seen above 1.0330 temporary low but further decline is expected as long as 1.0609 resistance holds. On the downside, sustained trading below 1.0404 key fibonacci level will carry larger bearish implication and […]
09/12/2023

EUR/JPY Weekly Outlook

EUR/JPY’s decline from 164.29 accelerated to as low as 153.15 last week, but recovered after breaching 154.32 cluster support (38.2% retracement of 139.05 to 164.29 at 154.64). Initial bias is turned neutral this week for consolidations first. Upside of recovery should be limited below 158.36 minor resistance to bring another fall. Sustained trading below 154.32 […]
31/08/2024

EUR/JPY Weekly Outlook

No change in EUR/JPY’s outlook as sideway trading continued below 163.86 last week. Initial bias remains neutral this week first. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second leg of the corrective pattern from 175.41. On the downside, however, firm break of 159.80 support […]