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Daily Pivots: (S1) 1.1128; (P) 1.1155; (R1) 1.1206; More…. Immediate focus is now on 1.1200 resistance as EUR/USD’s rebound from 1.1001 extends today. Break there will resume the rally from 1.0665 to retest 1.1274 high. Firm break there will resume larger up trend. Next near term target will be 100% projection of 1.0776 to 1.1200 […]

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GBP/JPY Daily Outlook

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07/02/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0731; (P) 1.0746; (R1) 1.0770; More… Intraday bias in EUR/USD is turned neutral first with current recovery. Focus remains on 1.0722 structural support. Decisive break there will argue that whole rise from 1.0447 has completed. Deeper fall would then be seen to target this low. On the upside, break of 1.0896 resistance […]
12/11/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 152.93; (P) 153.44; (R1) 154.25; More… USD/JPY is staying in range below 154.70 and intraday bias remains neutral. Further rise is expected as long as 151.27 support holds. Above 154.70 will resume the rally from 139.57 towards 161.94 high. However, considering bearish divergence condition in 4H MACD, break of 151.27 will indicate […]
10/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 194.08; (P) 194.48; (R1) 195.11; More.. GBP/JPY’s rebound from 191.34 is still in progress and intraday bias stays on the upside. This rebound is seen as the second leg of the corrective pattern. Further rise would be seen back to 197.40 resistance. On the downside, however, break of 193.82 minor support will […]