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Daily Pivots: (S1) 198.52; (P) 199.12; (R1) 200.20; More… GBP/JPY’s rally from 180.00 is in progress and intraday bias stays on the upside. Next target is a retest on 208.09 high. On the downside, below 196.37 minor support will turn intraday bias neutral and bring consolidations first, before staging another rise. In the bigger picture, […]

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09/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2692; (P) 1.2729; (R1) 1.2786; More… Intraday bias in GBP/USD remains neutral as range trading continues below 1.2826. On the upside, decisive break of 1.2826 high will resume whole rally from 1.2036. Nevertheless, another fall and break of 1.2611 will bring deeper correction to 1.2499 support instead. In the bigger picture, price […]
18/10/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2982; (P) 1.3003; (R1) 1.3031; More… Intraday bias in GBP/USD remains neutral for the moment. On the downside, sustained trading below 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) will argue that whole rise from 1.2298 has completed and bring deeper fall to 61.8% retracement at 1.2732. Nevertheless, strong […]
09/10/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 147.57; (P) 147.97; (R1) 148.61; More… Intraday bias in USD/JPY remains neutral for consolidations below 149.11 temporary top. Further rally is expected as long as 141.63 support holds. Rise from 139.57 is seen as the second leg of the corrective pattern from 161.94. Break of 149.35 resistance will target 61.8% retracement of […]