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Daily Pivots: (S1) 161.17; (P) 161.64; (R1) 162.30; More…. Further decline is expected in EUR/JPY with 163.19 support turned resistance intact. Corrective rebound from 154.40 could have completed with three waves up to 166.67. Deeper fall would be seen to 155.14 support next. Nevertheless, firm break of 163.19 will bring retest of 166.67 high instead. […]

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EUR/GBP Daily Outlook

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22/08/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3028; (P) 1.3074; (R1) 1.3137; More… GBP/USD’s firm break of 1.3043 confirms resumption of whole rally from 1.2998. Intraday bias stays on the upside for 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124, which is close to 1.3141 high. Decisive break there will confirm larger up trend resumption for 100% […]
11/03/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0911; (P) 1.0946; (R1) 1.0974; More… Intraday bias in EUR/USD is turned neutral with current retreat. Some consolidations would be seen below 1.0980 temporary top first. But further rise would remain in favor as long as 1.0797 support holds. Fall from 1.1138 could have completed at 1.0694, as a correction to rise […]
20/06/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0728; (P) 1.0741; (R1) 1.0756; More…. Intraday bias in EUR/USD remains neutral and outlook is unchanged. Further decline is expected as long as 55 4H EMA (now at 1.0756) holds. Fall from 1.0915 is seen as another leg in the larger corrective pattern. Below 1.0677 will target 1.0601 low first. Firm break […]