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Daily Pivots: (S1) 1.0463; (P) 1.0493; (R1) 1.0534; More… Intraday bias in EUR/USD remains neutral for the moment. Corrective pattern from 1.0330 might extend further. But outlook will stay bearish as long as 55 D EMA (now at 1.0678) holds. On the downside, below 1.0452 will bring retest of 1.0330 low. In the bigger picture, […]

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08/01/2025

GBP/JPY Daily Outlook

Daily Pivots: (S1) 196.65; (P) 197.46; (R1) 198.03; More… GBP/JPY is staying in range trading below 198.84 and intraday bias remains neutral. Further rally is expected with 194.04 support intact. Break of 198.94 will resume the rise from 188.07, as a leg of the corrective pattern from 180.00, and target channel resistance (now at 204.05). […]
12/11/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0614; (P) 1.0671; (R1) 1.0713; More… Intraday bias in EUR/USD stays on the downside at this point. Sustained trading below 61.8% projection of 1.1213 to 1.0760 from 1.0936 at 1.0656 will extend the fall from 1.1213 to 100% projection at 1.0483. On the upside, above 1.0727 minor resistance will turn intraday bias […]
15/12/2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 140.92; (P) 141.92; (R1) 142.87; More… USD/JPY’s fall is still in progress and intraday bias stays on the downside. Current decline from 151.89 should target next fibonacci level at 136.63. On the upside, above 142.91 minor resistance will turn intraday bias neutral first. But recovery should be limited well below 146.58 resistance […]