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Daily Pivots: (S1) 1.2719; (P) 1.2769; (R1) 1.2829; More… GBP/USD’s fall from 1.3043 resumed by breaking 1.2706 temporary low and intraday bias is back on the downside for 1.2612 support. Decisive break there should confirm that rise from 1.2298 has completed, and target this support next. For now, risk will remain on the downside as […]

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04/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2627; (P) 1.2652; (R1) 1.2689; More… Intraday bias in GBP/USD remains neutral for the moment, and some more range trading could be seen. On the upside, break of 1.2826 will resume whole rally from 1.2036. However, break of 1.2611 will indicate short term topping, and turn bias back to the downside for […]
18/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 168.38; (P) 168.86; (R1) 169.76; More… Intraday bias in EUR/JPY is turned neutral with current strong rebound. On the upside break of 170.12 resistance will argue that pull back from 170.87 has completed at167.52, after drawing support from 55 D EMA. Intraday bias will be back on the upside for 170.87 and […]
05/03/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 150.05; (P) 150.31; (R1) 150.78; More… USD/JPY is still bounded in consolidation from 150.87 and intraday bias remains neutral at this point. On the upside, break of 150.87 will resume the rise from 140.25 to 151.89/93 key resistance zone. On the other hand, considering bearish divergence condition in 4H MACD, firm break […]