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Daily Pivots: (S1) 141.13; (P) 141.67; (R1) 142.54; More… USD/JPY’s break of 142.84 minor resistance indicates short term bottoming at 140.25, on bullish divergence condition in 4H MACD. Intraday bias is back on the upside for stronger rebound to 38.2% retracement of 151.89 to 140.25 at 144.69. On the downside, below 141.85 minor support will […]

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EUR/USD Mid-Day Outlook

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EUR/USD Daily Outlook

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05/12/2023

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8564; (P) 0.8574; (R1) 0.8589; More…. Intraday bias in EUR/GBP remains on the downside for the moment. As noted before, rebound from 0.8491 should have completed as a corrective move at 0.8764. Deeper fall should be seen to retest 0.8491 low first. Firm break there will resume larger down trend. On the […]
21/01/2024

GBP/USD Weekly Outlook

GBP/USD’s corrective pattern from 1.2826 continued last week. Initial bias stays neutral this week first. Deeper pull back could be seen, and break of 1.2595 will target 1.2499 support. On the upside, however, firm break of 1.2826 will resume larger rise from 1.2036 towards 1.3141 high. In the bigger picture, price actions from 1.3141 medium […]
15/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 157.03; (P) 158.24; (R1) 159.12; More… Fall from 161.94 is seen as correcting the whole five-wave rally from 140.25. Deeper decline is in favor and sustained trading below 55 D EMA (now at 157.67) will affirm this bearish case. Next target will be 38.2% retracement of 140.25 to 161.94 at 163.65. Nevertheless, […]