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Daily Pivots: (S1) 1.0728; (P) 1.0741; (R1) 1.0756; More…. Intraday bias in EUR/USD remains neutral and outlook is unchanged. Further decline is expected as long as 55 4H EMA (now at 1.0756) holds. Fall from 1.0915 is seen as another leg in the larger corrective pattern. Below 1.0677 will target 1.0601 low first. Firm break […]

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27/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8508; (P) 0.8520; (R1) 0.8528; More… Intraday bias in EUR/GBP remains neutral for the moment, and further decline is expected as long as 55 D EMA (now at 0.8561) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next. In the bigger picture, outlook remains bearish as […]
24/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 156.55; (P) 156.92; (R1) 157.30; More… Intraday bias in USD/JPY is back on the upside with break of 156.78 resistance. Rise from 161.86, as the second leg of the corrective pattern from 160.20, should now target 100% projection of 151.86 to 156.78 from 153.59 at 158.51. On the downside, below 155.83 minor […]
08/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8569; (P) 0.8577; (R1) 0.8584; More… Intraday bias in EUR/GBP stays neutral for the moment. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 has completed at 0.8601. Intraday bias will be back on the downside for retesting 0.8497 low next. On the upside, break […]