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Daily Pivots: (S1) 161.24; (P) 161.75; (R1) 162.00; More…. EUR/JPY is extending the corrective fall from 164.29 and intraday bias remains on the downside. Deeper decline would be seen to 100% projection of 164.29 tot 161.22 from 163.77 at 160.63 and possibly below. But strong support should be seen from 159.75 resistance turned support to […]

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GBP/JPY Daily Outlook

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18/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2421; (P) 1.2451; (R1) 1.2486; More… GBP/USD is staying in consolidation from 1.2404 and intraday bias remains neutral. Upside but upside of recovery should be limited by 1.2538 support turned resistance to bring another fall. On the downside, firm break of 1.2404 will resume the decline from 1.2892 to 100% projection of […]
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 […]
11/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3051; (P) 1.3079; (R1) 1.3109; More… Intraday bias in GBP/USD stays neutral first with focus on 1.3043 resistance turned support. Strong rebound will maintain near term bullishness. Further break of 1.3265 will extend recent up trend to 100% projection of 1.2298 to 1.3043 from 1.2664 at 1.3409. However, firm break of 1.3043 […]