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Daily Pivots: (S1) 1.3205; (P) 1.3236; (R1) 1.3291; More… GBP/USD’s rally is still in progress despite some loss of momentum as seen in 4H MACD. Intraday bias stays on the upside for Current up trend should target 100% projection of 1.2298 to 1.3043 from 1.2664 at 1.3409. On the downside, below 1.3179 minor support will […]

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USD/JPY Mid-Day Outlook

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24/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.71; (P) 148.03; (R1) 148.44; More… No change in USD/JPY’s outlook as consolidation from 148.79 is still extending. Deeper retreat cannot be ruled out, but further rally is expected as long as 145.97 resistance turned support holds. Corrective fall from 151.89 should have completed at 140.25 already. Break of 148.79 will resume […]
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 […]
02/02/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 158.46; (P) 158.83; (R1) 159.59; More… EUR/JPY recovered quickly after dipping to 158.06. Some support is seen from 158.55 resistance turned support and rising channel for now. Intraday bias stays neutral first. On the downside, sustained break of 158.55 will argue that rebound from 153.15 has completed at 161.84 already. Fall from […]