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Daily Pivots: (S1) 145.96; (P) 146.89; (R1) 147.49; More… USD/JPY’s rebound from 141.67 extends higher today but stays below 38.2% retracement of 161.94 to 141.67 at 149.41. Intraday bias stays neutral and outlook remains bearish. Below 145.42 minor support will turn bias to the downside for 141.67. Break there will resume the fall from 161.94 […]

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EUR/USD Mid-Day Outlook

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05/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8509; (P) 0.8517; (R1) 0.8527; More…. No change in EUR/GBP’s outlook and intraday bias stays neutral for the moment. Further decline is expected as long as 55 D EMA (now at 0.8549) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next. However, sustained break of 55 […]
21/08/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2989; (P) 1.3020; (R1) 1.3067; More… Intraday bias in GBP/USD remains on the upside for the moment. Decisive break of 1.3043 resistance will resume whole rally from 1.2998 to 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124, which is close to 1.3141 high. On the downside, below 1.2973 minor support […]
28/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2617; (P) 1.2629; (R1) 1.2653; More… Intraday bias in GBP/USD remains neutral for the moment. Risk stays on the downside as long as 55 4H EMA (now at 1.2667) holds. Below 1.2574 will resume the fall from 1.2892 to 1.2517 structural support first. Decisive break there will suggest that rise from 1.2036 […]