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Daily Pivots: (S1) 205.24; (P) 205.82; (R1) 206.36; More… Intraday bias in GBP/JPY is turned neutral with current retreat and some consolidations would be seen below 206.15. Further rise is expected as long as 200.72 resistance turned support holds. Firm break of 100% projection of 191.34 to 200.72 from 197.18 at 206.56 will target 138.2% […]

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05/12/2023

EUR/JPY Daily Outlook

Daily Pivots: (S1) 158.88; (P) 159.36; (R1) 160.02; More…. EUR/JPY’s fall from 164.29 is in progress and intraday bias stays on the downside. Sustained break of 161.8% projection of 164.29 to 161.22 from 163.70 at 158.73 will target 154.32 cluster support (38.2% retracement of 139.05 to 164.29 at 154.64). On the upside, above 159.83 minor […]
08/07/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8939; (P) 0.8973; (R1) 0.8992; More… Intraday bias in USD/CHF remains on the downside for the moment. Rebound from 0.8825 could have completed at 0.9049, after rejection by falling channel resistance. Also, fall from 0.9223 is not completed yet. Deeper decline would be seen for retesting 0.8825 low next. On the upside, […]
05/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.82; (P) 191.54; (R1) 192.05; More….. GBP/JPY retreated after brief rebound and intraday bias remains is turned neutral again. . For now, further rally is expected as long as 190.02 support holds, in case of retreat. Break of 193.51 will resume larger up trend. In the bigger picture, current rally is part […]