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Daily Pivots: (S1) 155.29; (P) 156.95; (R1) 157.84; More… Intraday bias in USD/JPY stays on the downside for the moment. Current decline is seen as correcting whole rally from 140.25. Deeper fall should be seen to 38.2% retracement of 140.25 to 161.94 at 163.65. On the upside, above 158.85 resistance will turn bias back to […]

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EUR/USD Mid-Day Outlook

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30/01/2024

EUR/GBP Mid-Day Outlook

Daily Pivots: (S1) 0.8510; (P) 0.8527; (R1) 0.8542; More… Intraday bias in EUR/GBP is turned neutral first with today’s strong recovery. Immediate focus is now on 0.8563 minor resistance. Firm break there will suggest short term bottoming, on bullish convergence condition in 4H MACD. Intraday bias will be turned to the upside for stronger rebound […]
20/09/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8446; (P) 0.8480; (R1) 0.8512; More… Intraday bias in USD/CHF stays neutral as range trading continues. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. However, considering bullish convergence condition in 4H MACD, break of 0.8548 […]
07/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2535; (P) 1.2565; (R1) 1.2591; More… Intraday bias in GBP/USD is turned neutral with current retreat and some consolidations could be seen. Further rise remains in favor as long as 1.2471 support holds. Above 1.2633 will resume the rebound from 1.2298 to 1.2708 resistance next. In the bigger picture, price actions from […]