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Daily Pivots: (S1) 1.0893; (P) 1.0951; (R1) 1.1009; More….. Intraday bias in EUR/USD stays on the upside with 1.0932 minor support intact. Current rally is part of the whole rise from 1.0665 and should target 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1056 next. On the downside, below 1.0932 minor support will turn […]

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EUR/JPY Daily Outlook

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20/04/2024

USD/JPY Weekly Outlook

USD/JPY rose further to 154.77 last week but retreated since then. Initial bias stays neutral this week first. Break of 154.77 will resume larger up trend. But considering bearish divergence condition in 4H MACD, strong resistance should be seen from 155.20 fibonacci level to bring correction on first attempt. On the downside, break of 153.58 […]
02/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 140.58; (P) 141.25; (R1) 141.69; More… Intraday bias in USD/JPY is turned neutral as recovery from 140.25 extends. Further decline will remain in favor as long as 142.84 minor resistance holds. Break of 140.25 will resume fall from 151.89 and target 136.63 fibonacci level. Nevertheless, break of 142.84 will turn bias back […]
06/08/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2719; (P) 1.2769; (R1) 1.2829; More… Intraday bias in GBP/USD stays neutral as range trading continues. Further decline is in favor with 1.2863 resistance intact. On the downside, below 1.2706 will target 1.2612 support first. Decisive break there should confirm that rise from 1.2298 has completed. However, break of 1.2863 will turn […]