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Daily Pivots: (S1) 153.91; (P) 156.95; (R1) 159.37; More… Intraday bias in USD/JPY stays neutral for the moment. Consolidation from 160.20 short term top is extending. Strong support could be seen from 38.2% retracement of 146.47 to 160.20 at 154.95 to bring recovery. But break of 160.20 is not envisaged for now. However, firm break […]

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EUR/USD Mid-Day Outlook

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20/06/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2695; (P) 1.2717; (R1) 1.2742; More… GBP/USD weakens after rejection by 55 4H EMA but stays above 1.2656 temporary low. Intraday bias remains neutral first. While another recovery cannot be ruled out, risk will stay on the downside as long as 1.2859 resistance holds. Firm break of 1.2633 resistance turned support will […]
04/09/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1018; (P) 1.1051; (R1) 1.1075; More…. No change in EUR/USD’s outlook for now. While retreat from 1.1200 might extend lower, rally from 1.0665 is in favor to continue as long as 1.0947 resistance turned support holds. Above 1.1104 minor resistance will bring retest of 1.1200 first. Break there will target 1.1274 high […]
15/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8385; (P) 0.8404; (R1) 0.8415; More…. Intraday bias in EUR/GBP stays on the downside at this point. Larger down trend is resuming and should target 61.8% projection of 0.8619 to 0.8396 from 0.8498 at 0.8360. Firm break there could prompt downside acceleration to 100% projection at 0.8275. On the upside, above 0.8421 […]