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While EUR/GBP decline last week, downside was still contained above 0.8259 support. Initial bias stays neutral this week first. On the downside, decisive break of 0.8259 will resume larger down trend to 0.8201 key support. On the upside, break of 0.8311 minor resistance will turn bias back to the upside for recovery. But still, outlook […]

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22/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.90; (P) 161.38; (R1) 161.95; More… Intraday bias in EUR/JPY is turned neutral with a temporary top formed at 161.84. Some consolidations could be seen first. But even in case of deep retreat, further rally is expected as long as 158.55 resistance turned support holds. On the upside, break of 161.84 will […]
30/10/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 152.80; (P) 153.33; (R1) 153.92; More… No change in USD/JPY’s outlook and intraday bias stays on the upside. Sustained trading above 61.8% retracement of 161.94 to 139.57 at 153.39 will pave the way to retest 161.94 high. On the downside, below 151.44 minor support will turn intraday bias neutral again first. In […]
01/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9716; (P) 0.9727; (R1) 0.9746; More… Intraday bias in EUR/CHF is turned neutral first with current retreat. Another rally is expected as long 0.9689 support holds. On the upside, above 0.9818 will resume the rise from 0.9252 towards 1.0095 key resistance next. Nevertheless, considering bearish divergence condition in 4H MACD, break of […]