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Daily Pivots: (S1) 1.2851; (P) 1.2866; (R1) 1.2883; More… GBP/USD’s fall from 1.3043 extends lower today and intraday bias is back on the downside with break of 1.2859 resistance turned support. Decisive break of 55 D EMA (now at 1.2776) will suggest that rise from 1.2298 has completed with three waves up to 1.3043 Deeper […]

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EUR/USD Daily Outlook

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28/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 180.98; (P) 181.58; (R1) 182.14; More… GBP/JPY is still bounded in sideway trading and intraday bias remains neutral at this point. Further decline is expected as long as 184.15 resistance holds. On the downside, break of will resume the decline from 188.63 and target 38.2% retracement of 148.93 to 188.63 at 173.46. […]
18/05/2024

EUR/JPY Weekly Outlook

EUR/JPY retreated after rising further to 169.38 last week but then recovered. Initial bias remains neutral this week first, and further rise is expected. Break of 169.38 will resume the rally from 164.01, as the second leg of the corrective pattern from 171.58, towards this 171.58. On the downside, break of 167.31 should turn bias […]
23/07/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0875; (P) 1.0889; (R1) 1.0905; More….. EUR/USD’s break of 1.0871 support suggests that a short term top was already formed at 1.0947, on bearish divergence condition in 4H MACD. Intraday bias is back on the downside for 55 D EMA (now at 1.0810). Sustained break there will argue that whole rebound from […]