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Daily Pivots: (S1) 156.83; (P) 157.12; (R1) 157.43; More… USD/JPY drops sharply in early US session but stays in range of 154.53/157.70 and intraday bias remains neutral first. On the downside, break of 154.53 will turn bias to the downside for 151.86 support and possibly below, as the third leg of the corrective pattern from […]

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EUR/GBP Daily Outlook

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18/09/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 156.78; (P) 157.55; (R1) 159.06; More…. Intraday bias in EUR/JPY remains neutral for the moment. Further decline is expected as long as 158.71 resistance holds. Decisive break of 154.40 low will resume whole decline from 175.41 to 153.15 support, and possibly further to 152.11 fibonacci level. However, firm break of 158.71 will […]
24/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2642; (P) 1.2694; (R1) 1.2740; More… GBP/USD is still extending the consolidation pattern from 1.2826 and intraday bias remains neutral. Another fall cannot be ruled out, but downside will likely be contained above 1.2499 support to bring rebound. On the upside, firm break of 1.2784 resistance will suggest that the consolidation pattern […]
20/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2660; (P) 1.2686; (R1) 1.2727; More… Intraday bias in GBP/USD remains on the upside for the moment. Firm break of 1.2708 resistance will extend the rise from 1.2298 to 100% projection of 1.2298 to 1.2633 from 1.2445 at 1.2780. On the downside, below 1.2642 minor support will turn intraday bias neutral again. […]