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Daily Pivots: (S1) 1.2811; (P) 1.2841; (R1) 1.2884; More… Intraday bias in GBP/USD remains on the upside for retesting 1.3043 high. Decisive break there will resume whole rally from 1.2998 to 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124, which is close to 1.3141 high. On the downside, however, break of 1.2798 support […]

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03/09/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.50; (P) 162.20; (R1) 163.36; More…. EUR/JPY is staying in range below 163.86 and intraday bias remains neutral. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second leg of the corrective pattern from 175.41. On the downside, however, firm break of 159.80 […]
11/03/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2809; (P) 1.2852; (R1) 1.2902; More… Intraday bias in GBP/USD is turned neutral first with current retreat. Some consolidations would be seen below 1.2892 temporary top first. But further rally will remain in favor as long as 55 4H EMA (now at 1.2735) holds. On the upside, above 1.2892 will resume larger […]
01/04/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0772; (P) 1.0789; (R1) 1.0810; More… Intraday bias in EUR/USD remains on the downside for the moment. Fall from 1.0980 should target 1.0694 support first. Break there will resume the whole decline from 1.1138 and target 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536. Nevertheless, break of 1.0863 minor resistance […]