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Daily Pivots: (S1) 1.2512; (P) 1.2564; (R1) 1.2614; More… Intraday bias in GBP/USD remains neutral and further decline is mildly in favor with 1.2614 minor resistance intact. Break of 1.2501 will resume the fall from 1.2731 short term top to to 55 D EMA (now at 1.2452). Sustained break there will bring retest of 1.2036 […]

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02/02/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.16; (P) 147.54; (R1) 147.99; More… USD/JPY is still holding above 145.97 resistance turned support. Intraday bias stays neutral at this point, and further rally is still in favor. As noted before, corrective fall from 151.89 should have completed at 140.25 already. Break of 148.79 will resume the rise from there for […]
27/08/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1140; (P) 1.1171; (R1) 1.1192; More…. EUR/USD is extending consolidation below 1.1200 and intraday bias remains neutral. Downside of retreat should be contained above 1.0007 resistance turned support to bring another rally. Above 1.1200 will resume recent rally to 161.8% projection of 1.0665 to 1.0947 from 1.0776 at 1.1232, and then 1.1274 […]
20/03/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 149.58; (P) 150.27; (R1) 151.55; More… Intraday bias in USD/JPY remains on the upside at for 151.93 key resistance. Decisive break there will confirm long term up trend resumption. Next near term target will be 61.8% projection of 140.25 to 150.87 from 146.47 at 153.03. On the downside, below 150.76 minor support […]