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Daily Pivots: (S1) 1.2656; (P) 1.2676; (R1) 1.2707; More… GBP/USD’s break of 1.2713 resistance indicates short term bottoming at 1.2486, on bullish convergence condition in 4H MACD. Intraday bias is back on the upside for 55 D EMA (now at 1.2873). For now, risk of another rebound remains as long as 1.2486 holds, in case […]

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EUR/USD Daily Outlook

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29/10/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 152.51; (P) 153.20; (R1) 153.98; More… Intraday bias in USD/JPY remains on the upside as rise from 139.57 is in progress. Sustained trading above 61.8% retracement of 161.94 to 139.57 at 153.39 will pave the way to retest 161.94 high. On the downside, below 151.44 minor support will turn intraday bias neutral […]
30/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8486; (P) 0.8502; (R1) 0.8519; More… EUR/GBP breached 0.8491 support but couldn’t sustain below it. Intraday bias remains neutral and some more consolidations could be seen. Further decline is expected as long as 55 D EMA (now at 0.8555) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection […]
24/06/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6048; (P) 1.6081; (R1) 1.6134; More… Intraday bias in EUR/AUD stays neutral and consolidation from 1.6026 could extend. But upside should be limited by EUR/AUD’s down trend continued last week but it recovered after hitting 1.6026. Initial bias is neutral this week for some consolidations first. Upside should be limited by 1.6211 […]