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Daily Pivots: (S1) 163.83; (P) 164.36; (R1) 164.92; More…. A temporary top is in place at 165.00 with current retreat and intraday bias in EUR/JPY is turned neutral first. Outlook will stay bullish as long as 161.83 support holds. Above 165.00 will resume the rise from 155.14 to 61.8% retracement of 175.41 to 154.40 at […]

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17/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2642; (P) 1.2672; (R1) 1.2699; More… Intraday bias in GBP/USD is turned neutral with current retreat. Some consolidations would be seen but further rally is expected as long as 1.2445 support holds. Break of 1.2708 resistance will pave the way to 1.2892 resistance next. In the bigger picture, price actions from 1.3141 […]
21/08/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1090; (P) 1.1112; (R1) 1.1151; More…. Intraday bias in EUR/USD remains on the upside for the moment. Firm break of 1.1138 resistance will target 161.8% projection of 1.0665 to 1.0947 from 1.0776 at 1.1232. On the downside, below 1.1071 minor support will turn intraday bias neutral and bring consolidations first. But outlook […]
02/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8409; (P) 0.8429; (R1) 0.8441; More…. Immediate focus is now on 0.8498 resistance in EUR/GBP as rebound from 0.8382 accelerates higher. Decisive break there will indicate that fall from 0.8643 has completed with five waves down to 0.8382. Further rally should then be seen to channel resistance (now at 0.8560). Nevertheless, rejection […]