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Daily Pivots: (S1) 1.2744; (P) 1.2756; (R1) 1.2772; More… GBP/USD’s rebound from 1.2612 is still in progress and intraday bias stays on the upside. Correction from 1.2859 should completed at 1.2612. Firm break of 1.2859 will resume rally from 1.2298. On the downside, though, below 1.2705 will dampen the immediate bullish case, and turn intraday […]

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25/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 154.91; (P) 155.15; (R1) 155.58; More… Intraday bias in USD/JPY remains on the upside at this point. Sustained trading above 155.20 fibonacci level will pave the way 100% projection of 140.25 to 150.87 from 146.47 at 157.09. Considering bearish divergence condition in 4H MACD, break of 154.77 resistance turned support will turn […]
11/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 161.38; (P) 161.59; (R1) 161.93; More… Range trading continues in USD/JPY below 161.94 and intraday bias remains neutral. Further rally is expected with 160.25 minor support intact. On the upside, break of 161.94 will resume larger up trend to 61.8% projection of 146.47 to 160.20 from 154.53 at 163.01. Nevertheless, break of […]
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 […]