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Daily Pivots: (S1) 157.42; (P) 157.73; (R1) 158.24; More… EUR/JPY’s rebound from 153.15 is resuming by breaking 158.97 resistance. Intraday bias is back on the upside. Next target is 100% projection of 153.15 to 158.55 from 155.06 at 160.46. For now, further rise will remain in favor as long as 157.19 support holds, in case […]

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01/08/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0802; (P) 1.0826; (R1) 1.0849; More….. EUR/USD’s fall from 1.0947 resumed by breaking through 1.0797 temporary low and intraday bias is back on the downside. Current development suggest that rebound from 1.0601 has completed with three waves up to 1.0947. Deeper decline should be seen to 1.0665 support next. For now, risk […]
15/01/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8580; (P) 0.8593; (R1) 0.8601; More… Intraday bias in EUR/GBP remains neutral at this point. Further decline is expected as long as 0.8638 minor resistance holds. On the downside, below 0.8585 will resume the fall from 0.8713 to 0.8548 support. Firm break there will target 0.8491 low next. In the bigger picture, […]
28/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2731; (P) 1.2767; (R1) 1.2835; More… GBP/USD’s rally from 1.2036 resumed by breaking through 1.2793 resistance. Intraday bias is back on the upside. Next target is 61.8% projection of 1.2068 to 1.2731 from 1.2499 at 1.2909. On the downside, below 1.2698 minor support will turn intraday bias neutral again. But further rally […]