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Daily Pivots: (S1) 188.30; (P) 189.35; (R1) 190.60; More… Intraday bias in GBP/JPY is turned neutral with current recovery and some consolidations would be seen first. Further decline is expected as long as 55 D EMA (now at 194.36) holds. On the downside, below 188.07 temporary low will resume the fall from 199.79 to 183.70 […]

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24/01/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8550; (P) 0.8568; (R1) 0.8580; More… Intraday bias in EUR/GBP remains neutral, and further decline is expected as long as 0.8619 resistance holds. On the downside, decisive break of 0.8548 will indicate that larger down trend is ready to resume through 0.8491 low. However, break of 0.8619 will dampen this bearish view […]
14/06/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0709; (P) 1.0763; (R1) 1.0793; More…. EUR/USD’s break of 1.0718 support revives that case that rise from 1.0601 has completed at 1.0915. Fall from there is seen as another leg inside the corrective pattern from 1.1274 high. Intraday bias is back on the downside for 1.0601 support first. Firm break there will […]
08/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0907; (P) 1.0922; (R1) 1.0938; More….. EUR/USD is extending the consolidation from 1.1007 and intraday bias remains neutral. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the upside, break of 1.1007 will resume recent rally from 1.0665 to 100% projection of 1.0665 to 1.0947 […]