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Daily Pivots: (S1) 160.85; (P) 161.18; (R1) 161.63; More… Intraday bias in USD/JPY remains neutral as range trading continues below 161.94. Further rally is expected with 160.25 minor support intact. On the upside, break of 161.94 will resume larger up trend to 61.8% projection of 146.47 to 160.20 from 154.53 at 163.01. Nevertheless, break of […]

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EUR/USD Mid-Day Outlook

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18/05/2024

EUR/GBP Weekly Outlook

EUR/GBP’s fall last week argues that rebound from 0.8529 has completed at 0.8619 already. Initial bias remain the downside this week for 0.8529 support first. Decisive break there will that larger down trend is ready to resume through 0.8491/7 support one. On the upside, above 0.8579 minor resistance will delay the bearish case and turn […]
19/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.33; (P) 147.92; (R1) 148.75; More… Intraday bias in USD/JPY is turned neutral first with 4H MACD crossed below signal line. Some consolidations would be seen first. But retreat should be contained above 144.34 support to bring another rally. Break of 148.51 temporary top will resume the rise from 140.25 to retest […]
10/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2645; (P) 1.2677; (R1) 1.2709; More… GBP/USD’s sharp decline argues that rebound from 1.2538 has completed at 1.2708 already. Intraday bias is back on the downside for retesting 1.2517 key support. Sustained break there will turn near term outlook bearish. For now, risk will stay mildly on the downside as long as […]