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Daily Pivots: (S1) 1.2421; (P) 1.2451; (R1) 1.2486; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.2404 is extending. Upside of recovery should be limited by 1.2538 support turned resistance to bring another fall. On the downside, firm break of 1.2404 will resume the decline from 1.2892 to 100% projection of 1.2892 to […]

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GBP/JPY Daily Outlook

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02/08/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8753; (P) 0.8797; (R1) 0.8823; More… No change in USD/CHF’s outlook as intraday bias stays on the downside. Current fall from 0.9223 is in progress for 61.8% retracement of 0.8332 to 0.9223 at 0.8672. Sustained break there will pave the way to retest 0.8332 low. For now, risk will stay on the […]
25/03/2024

USD/JPY Weekly Outlook

USD/JPY’s rally resumed last week and edged higher to 151.82, but turned sideway since then. Initial bias stays neutral this week for more consolidations. Further rally is expected as long as 55 4H EMA (now at 150.11) holds. On the upside, decisive break of 151.93 key resistance will confirm long term up trend resumption. Next […]
21/03/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 150.71; (P) 151.26; (R1) 151.80; More… Intraday bias in USD/JPY is turned neutral with current retreat, and some consolidations would be seen below 151.82. Further rise is expected as long as 55 4H EMA (now at 149.51) holds. On the upside, decisive break of 151.93 key resistance will confirm long term up […]