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Daily Pivots: (S1) 143.63; (P) 144.80; (R1) 145.80; More… Intraday bias in USD/JPY is turned neutral with current retreat. On the upside, above 145.97 will resume the rebound from 140.25. But upside should be limited by 61.8% retracement of 151.89 to 140.25 at 147.44. On the downside, below 143.17 minor support will turn bias back […]

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16/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2955; (P) 1.2975; (R1) 1.2988; More… Intraday bias in GBP/USD remains neutral for consolidations below 1.2994 temporary top. But further rally is expected as long as 1.2859 resistance turned support holds. Above 1.2994 will resume the rally from 1.2298 and target 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which […]
11/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8552; (P) 0.8562; (R1) 0.8576; More… Intraday bias in EUR/GBP remains neutral for the moment, as range trading continues. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 has completed at 0.8601. Intraday bias will be back on the downside for retesting 0.8497 low next. […]
16/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9001; (P) 0.9036; (R1) 0.9057; More…. Intraday bias in USD/CHF is turned neutral again first with current recovery. But further decline is expected as long as 0.9101 resistance holds. Break of 0.8987 will resume the whole fall from 0.9223 and target 38.2% retracement of 0.8332 to 0.9223 at 0.8883 next. However, break […]