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Daily Pivots: (S1) 1.2718; (P) 1.2753; (R1) 1.2820; More… Intraday bias in GBP/USD remains neutral at this point. On the downside, break of 1.2666 support and sustained break of 55 D EMA (now at 1.2685) will target 1.2517 structural support next. However, break of 1.2822 will bring further rally to retest 1.2892 instead. In the […]

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31/07/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 151.86; (P) 153.54; (R1) 154.43; More… USD/JPY’s fall from 161.94 accelerates lower again to as low as 149.77 so far. Intraday bias stays on the downside for 148.66 fibonacci level, which is close to medium term channel support (now at 148.22). Strong support could be seen there to bring rebound. But break […]
09/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2692; (P) 1.2729; (R1) 1.2786; More… GBP/USD is extending sideway trading below 1.2826 and intraday bias remains neutral. On the upside, decisive break of 1.2826 high will resume whole rally from 1.2036. Nevertheless, another fall and break of 1.2611 will bring deeper correction to 1.2499 support instead. In the bigger picture, price […]
07/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 164.81; (P) 165.40; (R1) 166.34; More… Intraday bias in EUR/JPY stays neutral at this point. On the upside, firm break of 55 4H EMA (now at 166.084) will bring stronger rebound towards 168.64 resistance. On the downside, break of 164.01, and sustained trading below 55 D EMA (now at 164.06) will extend […]