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Daily Pivots: (S1) 0.8790; (P) 0.8871; (R1) 0.8915; More… USD/CHF’s decline is still in progress and intraday bias stays on the downside. Fall from 0.9223 should target 60% retracement of 0.8332 to 0.9223 at 0.8672 next. On the upside, above 0.8884 minor resistance will turn intraday bias neutral first. In the bigger picture, with 0.9243 […]

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USD/JPY Daily Outlook

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25/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8450; (P) 0.8464; (R1) 0.8476; More… EUR/GBP is still extending the consolidation pattern from 0.8396 and intraday bias stays neutral. Outlook will stay bearish as long as 0.8482 support turned resistance holds. On the downside, below 0.8429 minor support will bring retest of 0.8396 low first. Further break there will resume larger […]
27/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 199.24; (P) 199.66; (R1) 200.37; More… Intraday bias in GBP/JPY remains on the upside for 100% projection of 191.34 to 180.07 from 195.02 at 200.75. But upside should be limited there. On the downside, below 198.25 minor support will turn intraday bias neutral first. Further break of 197.07 will argue that the […]
15/03/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.65; (P) 189.09; (R1) 189.57; More….. Intraday bias in GBP/JPY remains neutral for the moment. On the downside, below 187.94 will resume the decline from 191.29 to 38.2% retracement of 178.32 to 191.29 at 186.33. Sustained break there will raise the chance of larger scale correction and target 61.8% retracement at 183.27. […]