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Daily Pivots: (S1) 151.83; (P) 152.49; (R1) 152.96; More… Intraday bias in USD/JPY remains neutral with focus on 38.2% retracement of 139.57 to 158.86 at 151.4. Strong rebound from there will maintain near term bullishness. On the upside, break of 154.79 will revive the case that correction from 158.86 has completed at 150.29. Further rise […]

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EUR/USD Mid-Day Outlook

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13/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2733; (P) 1.2796; (R1) 1.2862; More… Near term outlook in GBP/USD will stay bullish as long as 1.2687 support holds. Rise from 1.2298 should target 1.2892 resistance. Decisive break there will strengthen the case that correction from 1.3141 has completed, and bring further rally to retest this high. In the bigger picture, […]
15/12/2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0905; (P) 1.0957; (R1) 1.1044; More… Intraday bias in EUR/USD stays on the upside for 1.1016 resistance. Decisive break there will will confirm resumption of whole rally from 1.0447. Further rally should then be seen to retest 1.1274 high. On the downside, below 1.0914 minor support will turn intraday bias neutral first. […]
19/12/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 142.15; (P) 142.66; (R1) 143.30; More… No change in USD/JPY for now despite today’s strong recovery. Upside should be limited below 156.48 resistance to bring another decline. Firm break of 140.94 will resume the whole fall from 151.89. Next target will be next fibonacci level at 136.63. In the bigger picture, fall […]