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Daily Pivots: (S1) 1.2955; (P) 1.3007; (R1) 1.3036; More… GBP/USD is still bounded in consolidations above 12973 temporary low. Intraday bias remains neutral at this point. On the upside, firm break of 1.3102 resistance will argue that pullback from 1.3433 has completed, and turn bias back to the upside for stronger rebound. On the downside, […]

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USD/JPY Daily Outlook

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GBP/JPY Daily Outlook

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18/03/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 148.34; (P) 148.75; (R1) 149.47; More… USD/JPY’s rebound from 146.47 is still in progress and intraday bias stays on the upside. Corrective fall from 150.87 should have completed at 146.47, after drawing support from 38.2% retracement of 140.25 to 150.87 at 146.81. Further rally should be seen to 150.87/89 key resistance zone. […]
18/09/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8443; (P) 0.8460; (R1) 0.8490; More… USD/CHF is still bounded in sideway trading and intraday bias stays neutral. With 0.8548 resistance intact, further decline is still expected. 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. […]
08/10/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.65; (P) 148.39; (R1) 148.93; More… Intraday bias in USD/JPY is turned neutral first with current retreat. But further rally is expected as long as 141.63 support holds. Rise from 139.57 is seen as the second leg of the corrective pattern from 161.94. Break of 149.35 resistance will target 61.8% retracement of […]