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Daily Pivots: (S1) 1.0548; (P) 1.0572; (R1) 1.0603; More… Intraday bias in EUR/USD stays neutral at this, despite today’s dip. Outlook remains bearish with 1.0609 resistance intact. On the downside, break of 1.0330 will resume the fall from 1.1213. Also, sustained trading below 1.0404 key fibonacci level will carry larger bearish implication. Nevertheless, firm break […]

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USD/JPY Mid-Day Outlook

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EUR/USD Daily Outlook

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10/08/2024

GBP/JPY Weekly Outlook

GBP/JPY rebounded after initial dive to 180.00 last week. While further rise cannot be ruled out, outlook will stay bearish as long as 38.2% retracement of 208.09 to 180.00 at 190.73 holds. On the downside, below 184.46 minor support will turn intraday bias back to the downside for retesting 180.00 low. Break there will resume […]
09/12/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 149.33; (P) 150.01; (R1) 150.66; More… USD/JPY is staying in consolidation from 148.64 and intraday bias stays neutral. Further fall is in favor as long as 151.94 resistance holds. On the downside, below 148.64 will strengthen the case that rise from 139.57 has already completed at 156.754. Deeper fall should then be […]
08/07/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0813; (P) 1.0827; (R1) 1.0854; More…. Despite some loss off upside momentum as seen in 4H MACD, intraday bias in EUR/SD stays on the upside with 1.0783 minor support intact. Rise from 1.0665 would target 1.0915 resistance first. Firm break there will target 100% projection of 1.0601 to 1.0915 from 1.0665 at […]