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Daily Pivots: (S1) 186.36; (P) 187.24; (R1) 188.05; More… Intraday bias in GBP/JPY stays on the downside at this point, and fall from 193.45 is in progress for retest 180.00 low first. Break there will resume whole fall from 208.09. On the upside, above 189.76 minor resistance will turn intraday bias neutral. In the bigger […]

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03/01/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 178.40; (P) 179.52; (R1) 180.31; More… Range trading continues in GBP/JPY and intraday bias remains neutral. Further decline is expected as long as 184.15 resistance holds. On the downside, break of will resume the decline from 188.63 and target 38.2% retracement of 148.93 to 188.63 at 173.46. However, decisive break of 184.15 […]
03/07/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6644; (P) 0.6657; (R1) 0.6681; More… AUD/USD’s rally from 0.6361 finally resumed by breaking through 0.6713 resistance and intraday bias is back on the upside. Further rise should be seen to 61.8% projection of 0.6361 to 0.6713 from 0.6619 at 0.6837 next. For now, near term outlook will stay bullish as long […]
10/09/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8449; (P) 0.8472; (R1) 0.8517; More… No change in USD/CHF’s outlook and intraday bias stays neutral. With 0.8356 resistance intact, further decline is expected. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. However, considering bullish […]