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Daily Pivots: (S1) 1.0696; (P) 1.0721; (R1) 1.0760; More…. EUR/USD dips notably in early US session but stays in range above 1.0667. Intraday bias remains neutral at this point. Further fall is expected with 1.0760 resistance intact. Decline from 1.0915 is seen as another leg in the larger corrective pattern. Break of 1.0667 will target […]

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12/09/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 141.20; (P) 141.87; (R1) 143.04; More… Intraday bias in USD/JPY is turned neutral with current recovery and some consolidations would be seen first. But further decline is expected as long as 147.20 resistance holds. Break of 140.70 will resume the fall from 161.94 to 140.25 support, and possibly to 139.26 fibonacci level […]
21/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2596; (P) 1.2667; (R1) 1.2710; More… Intraday bias in GBP/USD remains neutral for the moment as consolidation from 1.2793 is extending. While sideway trading could extend, further rally is still expected as long as 1.2499 support holds. . On the upside, firm break of 1.2793 will resume the rally from 1.2036. Next […]
06/06/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 155.01; (P) 155.75; (R1) 156.86; More…. No change in USD/JPY’s outlook as range trading continues. Risk will stay on the downside as long as 157.70 resistance holds. Fall from there is seen as the third leg of the corrective pattern from 160.20. On the downside, break of 154.53 will target 153.59 support […]