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Daily Pivots: (S1) 1.2617; (P) 1.2629; (R1) 1.2653; More… Intraday bias in GBP/USD remains neutral for the moment. Risk stays on the downside as long as 55 4H EMA (now at 1.2667) holds. Below 1.2574 will resume the fall from 1.2892 to 1.2517 structural support first. Decisive break there will suggest that rise from 1.2036 […]

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03/05/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 152.37; (P) 154.33; (R1) 155.60; More… USD/JPY’s fall from 160.20 short term top continues today and intraday bias remains on the downside for 61.8% retracement of 146.47 to 160.20 at 151.71. Strong support should be seen from 150.87 resistance turned support to bring rebound. On the upside, above 153.81 minor resistance will […]
30/11/2023

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8631; (P) 0.8647; (R1) 0.8657; More…. EUR/GBP’s break of 0.8648 support argues that corrective rebound from 0.8491 has completed at 0.8764 already. Intraday bias is now on the downside for 0.8614 support first. Firm break there will target a retest on 0.8491 low. On the upside, above 0.8682 minor resistance will turn […]
18/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 170.11; (P) 171.47; (R1) 172.23; More… EUR/JPY’s break of 170.87 resistance turned support argues that fall from 175.41 might be correcting whole rise from 153.15 already. Intraday bias is back on the downside. Sustained trading below 55 D EMA (now at 170.30) will target 38.2% retracement of 153.15 to 175.41 at 166.90. […]