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Daily Pivots: (S1) 163.50; (P) 164.26; (R1) 165.47; More…. Intraday bias in EUR/JPY remains on the upside for the moment. Rise from 155.14 is in progress and should target 61.8% retracement of 175.41 to 154.40 at 167.38. Sustained break there will pave the way to retest 175.41 high. On the downside, break of 161.83 support […]

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23/10/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2949; (P) 1.2982; (R1) 1.3019; More… Intraday bias in GBP/USD remains on the downside at this point. Sustained trading below 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) will argue that whole rise from 1.2298 has completed and bring deeper fall to 61.8% retracement at 1.2732. On the upside, […]
04/11/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2875; (P) 1.2927; (R1) 1.2970; More… Intraday bias in GBP/USD remains neutral for the moment and more consolidations could be seen below 1.3042 resistance. Further decline is expected as long as 1.3042 resistance holds. Below 1.2842 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, […]
16/12/2023

GBP/JPY Weekly Outlook

Much volatility was seen in GBP/JPY, as it reversed after failing to break through 184.44 support turned resistance, and then dived to 178.32, then recovered again. Initial bias stays neutral this week first. Deeper decline is expected as long as 184.30 resistance holds. Break of 178.32 will resume the whole fall from 188.63. Sustained break […]