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Daily Pivots: (S1) 142.18; (P) 142.96; (R1) 144.07; More… USD/JPY’s rebound from 140.25 short term bottom is in progress. Intraday bias stays on the upside for 38.2% retracement of 151.89 to 140.25 at 144.69. On the downside, below 142.21 minor support will bring retest of 140.25 low instead. In the bigger picture, fall from 151.89 […]

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06/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3150; (P) 1.3168; (R1) 1.3199; More… Intraday bias in GBP/USD remains neutral as it’s still bounded in consolidations below 1.3265. While another retreat cannot be ruled out, downside should be contained above 1.3043 resistance turned support to bring rebound. On the upside, above 1.3265 will resume larger up trend to 100% projection […]
02/07/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0715; (P) 1.0745; (R1) 1.0771; More…. Outlook in EUR/USD is unchanged and intraday bias stays neutral. On the upside, firm break of 55 D EMA will argue that pull back from 1.0915 has completed. Further rise should be seen back to 1.0915 resistance. However, break of 1.0665 will resume larger down trend […]
13/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3063; (P) 1.3095; (R1) 1.3159; More… Intraday bias in GBP/USD remains neutral for the moment. On the upside, firm break of 1.3265 resistance will resume larger rally to 1.3364 projection next. Nevertheless, break of 1.3000 will extend the correction from 1.3265 to 55 D EMA (now at 1.2962) and possibly below. In […]