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Daily Pivots: (S1) 1.0465; (P) 1.0486; (R1) 1.0505; More… No change in EUR/USD’s outlook as consolidation from 1.0176 is extending. Intraday bias stays neutral for now. Stronger rebound might be seen but outlook will remain bearish as long as 38.2% retracement of 1.1213 to 1.0176 at 1.0572 holds. On the downside, break of 1.0176 will […]

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02/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 151.33; (P) 151.55; (R1) 151.88; More… Range trading continues in USD/JPY and intraday bias remains neutral. On the downside, break of 150.25 support should confirm short term topping, and turn bias back to the downside for 55 D EMA (now at 149.35). Nevertheless, sustained break of 151.93 key resistance will confirm long […]
14/12/2023

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8594; (P) 0.8612; (R1) 0.8636; More…. Intraday bias in EUR./GBP stays neutral for the moment, and further decline is expected with 0.8648 support turned resistance intact. on the downside, break of 0.8548 will resume the fall from 0.8764 to 0.8491 support next. Firm break there will resume larger down trend. However, sustained […]
27/04/2024

USD/JPY Weekly Outlook

USD/JPY’s up trend resumed last week and accelerated to as high as 158.43. Initial bias stay on the upside this week. Next target is 138.2% projection of 140.25 to 150.87 from 146.47 at 161.14. On the downside, below 156.81 minor support will turn intraday bias neutral and bring consolidations first. In the bigger picture, current […]