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GBP/USD edged lower to 1.2973 last week but recovered after drawing support from 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999). Initial bias remains neutral this week first. On the upside, firm break of 1.3102 resistance will argue that pullback from 1.3433 has completed, and turn bias back to the upside for […]

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GBP/USD Mid-Day Outlook

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EUR/JPY Weekly Outlook

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01/06/2024

EUR/JPY Weekly Outlook

Despite dipping to 169.05 last week, EUR/JPY quickly recovered. Initial bias is neutral this week first. Break of 170.78 will resume the rally from 164.01 to retest 171.58 high. On the downside, however, below 169.05 will bring deeper fall to 167.31 support. Firm break there should confirm that rise from 164.01 has completed. In the […]
13/12/2023

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6360; (P) 1.6417; (R1) 1.6511; More… Intraday bias in EUR/AUD remains neutral as consolidation from 1.6267 is extending. Outlook will stay bearish as long as 1.6515 resistance holds. On the downside, break of 1.6267 will resume the whole decline from 1.7062 to 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106 […]
17/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 154.18; (P) 154.48; (R1) 155.04; More… Intraday bias stays mildly on the upside with 153.89 minor support intact. USD/JPY is still in favor to rise towards 155.20 fibonacci projection level. But upside could be limited there, at least on first attempt, to bring pull back. On the downside, below 153.89 will turn […]