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Daily Pivots: (S1) 168.69; (P) 169.36; (R1) 170.35; More…. Intraday bias in EUR/JPY remains neutral for the moment. Current development suggests that rebound from 164.31 has completed at 170.81. Risk will now stay on the downside as long as 170.87 resistance holds. Below 168.01 will target 167.31 support first. Break there will target 164.01 support […]

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07/12/2023

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9405; (P) 0.9427; (R1) 0.9437; More… Intraday bias in EUR/CHF stays on the downside with focus on 0.9407 low. Decisive break there will confirm resumption of larger down trend. On the upside, above 0.9467 minor resistance will delay the bearish case and turn intraday bias neutral for consolidation first. In the bigger […]
21/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8523; (P) 0.8532; (R1) 0.8547; More…. Intraday bias in EUR/GBP remains neutral for the moment. In case of another fall, strong support should be seen from 55 D EMA (now at 0.8498), to complete the correction from 0.8624. Break of 0.8591 resistance will argue that rise from 0.8382 is ready to resume […]
07/09/2024

GBP/JPY Weekly Outlook

GBP/JPY’s decline last week suggests that rebound from 180.00 has completed at 193.45, ahead of 55 D EMA. Initial bias remains on the downside this week for retesting 180.00 low first. Break there will resume whole fall from 208.09. On the upside, above 189.76 minor resistance will turn intraday bias neutral first. In the bigger […]