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Daily Pivots: (S1) 198.08; (P) 198.82; (R1) 199.31; More… GBP/JPY dips notably today as consolidation from 199.79 extends. Intraday bias remains neutral first. Further rally is expected as long as 55 D EMA (now at 194.79) holds. Above 199.79 will resume the rebound from 180.00 to retest 208.09 high. However, sustained break of 55 D […]

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27/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.20; (P) 147.55; (R1) 148.02; More… Intraday bias in USD/JPY stays neutral, as consolidation from 148.79 is extending. With 145.97 resistance turned support intact, further rally is in favor. As noted before, corrective fall from 151.89 should have completed at 140.25 already. Break of 148.79 will resume the rise from there for […]
15/06/2024

GBP/JPY Weekly Outlook

GBP/JPY’s up trend resumed last week and edged higher to 201.59, but retreated notably since then. Initial bias is turned neutral this week first. Further rally is expected as long as 197.18 support holds. However, considering bearish divergence condition in 4 H MACD, firm break of 197.18 will confirm short term topping, and turn bias […]
30/10/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2976; (P) 1.2996; (R1) 1.3033; More… GBP/USD dips notably today but stays in range above 1.2906, and intraday bias remains neutral. Further decline is expected as long as 1.3070 minor resistance holds. Below 1.2906 will target 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bearish divergence condition in 4H MACD, […]