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Daily Pivots: (S1) 149.33; (P) 150.01; (R1) 150.66; More… USD/JPY is staying in consolidation from 148.64 and intraday bias stays neutral. Further fall is in favor as long as 151.94 resistance holds. On the downside, below 148.64 will strengthen the case that rise from 139.57 has already completed at 156.754. Deeper fall should then be […]

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02/12/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 157.63; (P) 158.80; (R1) 159.55; More…. Intraday bias in EUR/JPY remains on the downside, as fall from 166.67 is in progress for 155.14 support first. Firm break there will raise the chance that whole decline from 175.41 is resuming, and target 154.40 low next. On the upside, above 159.08 minor resistance will […]
29/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2851; (P) 1.2866; (R1) 1.2883; More… Intraday bias in GBP/USD remains neutral for the moment and outlook is unchanged. As long as 1.2859 resistance turned support holds, further rally is in favor. Break of 1.3043 will resume the rise from 1.2298. However, firm break of 1.2859 will turn bias to the downside […]
10/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2688; (P) 1.2750; (R1) 1.2784; More… Intraday bias in GBP/USD remains neutral for the moment. Considering bearish divergence condition in 4H MACD, firm break of 1.2680 support will turn bias back to the downside for 55 D EMA (now at 1.2651) and possibly below. Nevertheless, break of 1.2816 will resume the rise […]