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Daily Pivots: (S1) 158.26; (P) 158.69; (R1) 159.01; More.. EUR/JPY’s fall from 164.29 accelerates to as low as 157.34 so far. Intraday bias stays on the downside and deeper decline would be seen to 154.32 cluster support (38.2% retracement of 139.05 to 164.29 at 154.64). On the upside, above 158.56 minor resistance will turn intraday […]

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GBP/JPY Daily Outlook

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30/01/2024

EUR/GBP Mid-Day Outlook

Daily Pivots: (S1) 0.8510; (P) 0.8527; (R1) 0.8542; More… Intraday bias in EUR/GBP is turned neutral first with today’s strong recovery. Immediate focus is now on 0.8563 minor resistance. Firm break there will suggest short term bottoming, on bullish convergence condition in 4H MACD. Intraday bias will be turned to the upside for stronger rebound […]
07/02/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 148.33; (P) 148.62; (R1) 148.96; More… No change in USD/JPY’s outlook as intraday bias stays neutral. Focus stays on 148.79 resistance. Firm break there will resume the rally from 140.25 to 151.89/93 key resistance zone. For now, further rise will remain in favor as long as 145.88 holds, in case of retreat. […]
24/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 199.97; (P) 201.57; (R1) 202.38; More… GBP/JPY’s fall from 208.09 accelerates to as low as 198.95 so far, breaking through 55 D EMA. Intraday bias stays on the downside for for 38.2% retracement of 178.32 to 208.09 at 196.71 next. For now, risk will stay on the downside as long as 202.08 […]