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Daily Pivots: (S1) 1.0802; (P) 1.0826; (R1) 1.0849; More….. EUR/USD’s strong rebound and break of 1.0869 resistance suggests that pullback from 1.0947 has completed as a correction a 1.0776. More importantly, rise from 1.0601 is probably still in progress. Intraday bias is back on the upside for retesting 1.0947 first. In the bigger picture, price […]

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USD/JPY Mid-Day Outlook

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27/04/2024

EUR/GBP Weekly Outlook

EUR/GBP edged higher to 0.8643 last week but reversed after rejection by medium term trendline resistance. Initial bias stays on the downside this week for retesting 0.8491/7 support zone. On the upside, above 0.8582 minor resistance will turn intraday bias neutral first. In the bigger picture, outlook remains bearish as EUR/GBP is capped below medium […]
06/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 164.13; (P) 164.54; (R1) 165.06; More… Intraday bias in EUR/JPY is turned neutral with current recovery. On the upside, firm break of 55 4H EMA (now at 166.08) will bring stronger rebound towards 168.64 resistance. On the downside, break of 164.01, and sustained trading below 55 D EMA (now at 163.97) will […]
17/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9666; (P) 0.9704; (R1) 0.9733; More… Intraday bias in EUR/CHF remains mildly on the downside. Correction from 0.9847 could extend to 38.2% retracement of 0.9252 to 0.9847 at 0.9620. But strong support is expected from there to contain downside to bring rebound, and set the range for the consolidation pattern from 0.9847. […]