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Daily Pivots: (S1) 145.85; (P) 146.48; (R1) 147.07; More… Intraday bias in USD/JPY remains neutral for the moment. Further rally will remain mildly in favor as long as 145.97 resistance turned support holds. Above 148.79 will resume the rebound from 140.25 to retest 151.89/93 key resistance zone. However, firm break of 145.97 will turn bias […]

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25/05/2024

EUR/GBP Weekly Outlook

EUR/GBP fell to as low as 0.8498 last week but recovered just ahead of 0.8491/7 support zone. Initial bias is turned neutral this week for some consolidations first. Further decline is expected as long as 55 D EMA (now at 0.8564) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level […]
16/09/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3109; (P) 1.3133; (R1) 1.3152; More… Intraday bias in GBP/USD remains neutral for the moment and consolidation from 1.3265 might still extend. On the downside, break of 1.3000 will bring deeper correction to 55 D EMA (now at 1.2968) and possibly below. On the upside, firm break of 1.3265 resistance will resume […]
20/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1043; (P) 1.1064; (R1) 1.1107; More….. EUR/USD’s rally is still in progress and breaks through 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1058. The break of near term channel resistance argues that EUR/USD might be accelerating. Intraday bias remains on the upside for 1.1138 resistance, and then 161.8% projection at […]