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Daily Pivots: (S1) 1.2574; (P) 1.2673; (R1) 1.2732; More… Intraday bias in GBP/USD is back on the downside as the fall from 1.2826 resumes. Strong focus could be seen from 1.2499 structural support. Break of 1.2643 minor resistance will turn bias back to the upside for rebound. However, decisive break of 1.2499 will argue that […]

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18/12/2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0855; (P) 1.0929; (R1) 1.0970; More… Intraday bias in EUR/USD stays neutral for the moment, as consolidation from 1.1016 is extending. Deeper retreat cannot be ruled out, but further rally is expected as long as 1.0722 support holds. On the upside, break of 1.1016 will resume the whole rise from 1.0447 to […]
06/08/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 141.68; (P) 144.17; (R1) 146.64; More… Intraday bias in USD/JPY remains neutral for consolidation above 141.67. Upside of recovery should be limited by 150.88 resistance to bring another fall. On the downside, break of 141.67 will resume the decline from 161.94 to 140.25 support next. In the bigger picture, the strong break […]
01/11/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0856; (P) 1.0872; (R1) 1.0900; More… EUR/USD’s rebound from 1.0760 short term bottom continues today and intraday bias stays on the upside for 55 D EMA (now at 1.0945). Strong resistance should be seen there to limit upside. On the downside, below 1.0843 minor support will turn intraday bias back to the […]