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Daily Pivots: (S1) 197.79; (P) 198.66; (R1) 200.02; More… Intraday bias in GBP/JPY remains neutral as consolidation from 199.79 could extend. Further rally is expected as long as 55 D EMA (now at 194.80) holds. Above 199.79 will resume the rebound from 180.00 to retest 208.09 high. However, sustained break of 55 D EMA will […]

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01/11/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 194.75; (P) 196.83; (R1) 198.22; More… Intraday bias in GBP/JPY remains neutral for the moment. While pullback from 199.79 might extend lower, further rally would remain in favor as long as 55 D EMA (now at 194.22) holds. Above 199.79 will resume the rebound from 180.00 to retest 208.09 high. However, sustained […]
23/09/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8465; (P) 0.8491; (R1) 0.8530; More… Range trading continues in USD/CHF and intraday bias remains neutral. 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 convergence condition in 4H MACD, break of 0.8548 […]
02/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8545; (P) 0.8554; (R1) 0.8569; More… Intraday bias in EUR/GBP remains neutral for the moment. 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, break […]