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Daily Pivots: (S1) 194.10; (P) 194.68; (R1) 195.78; More… Intraday bias in GBP/JPY stays neutral at this point. On the upside break of 195.95 will resume whole rise from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35 next. On the downside, break of 189.54 will turn bias back to the downside for 183.70 […]

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03/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8544; (P) 0.8559; (R1) 0.8578; More… No change in EUR/GBP’s outlook and intraday bias stays neutral. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 has completed at 0.8601. Intraday bias will be back on the downside for retesting 0.8497 low next. On the upside, […]
25/10/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2928; (P) 1.2958; (R1) 1.3007; More… Intraday bias in GBP/USD remains neutral for consolidations above 1.2906 temporary low. Below 1.2906 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bearish divergence condition in 4H MACD, firm break 1.3070 resistance will indicate short term bottoming, […]
14/06/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 155.84; (P) 156.61; (R1) 157.49; More… Intraday bias in USD/JPY stays on the upside at this point. Choppy rise from 151.86 would continue to retest 160.20 high but strong resistance could be seen there to limit upside. On the downside, below 156.57 minor support will turn intraday bias neutral first. In the […]