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Daily Pivots: (S1) 154.11; (P) 154.43; (R1) 155.01; More… USD/JPY’s break of 55 4H EMA (now at 154.81) argues that pull back from 160.20 has completed at 151.86 already. Rebound from there is seen as the second leg of the corrective pattern. Intraday bias is back on the upside for 157.98 resistance. On the downside, […]

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USD/JPY Mid-Day Outlook

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05/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2737; (P) 1.2777; (R1) 1.2810; More….. Intraday bias in GBP/USD is turned neutral with current retreat and some consolidations could be seen below 1.2816. Further rise is in favor as long as 1.2693 support holds. Above 1.2816 will resume the rally from 1.2298 to 1.2892 resistance next. On the downside, break of […]
20/02/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 149.81; (P) 150.23; (R1) 150.63; More… USD/JPY is extending the consolidation from 150.87 and intraday bias remains neutral. Downside of retreat should be contained by 148.79 resistance turned support to bring another rally. Above 150.87 will resume the rise from 140.25 to 151.89/93 key resistance zone. Decisive break there will confirm larger […]
28/06/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2612; (P) 1.2641; (R1) 1.2670; More… Further decline is still expected in GBP/USD with 1.2702 resistance intact. Sustained trading below 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and below. On the upside, however, firm break of 1.2702 resistance will argue that pull back […]