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GBP/USD edged higher last week but lost momentum as seen in 4H MACD. But there is no clear sign of topping yet. Further rise will remain in favor this week as long as 1.2860 support holds. Sustained trading above 61.8% retracement of 1.3433 to 1.2099 at 1.2923 will pave the way back to 1.3433 high. […]

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07/09/2024

USD/JPY Weekly Outlook

USD/JPY’s fall from 149.35 resumed last week by breaking through 143.43 temporary low. Initial bias stays on the downside this week for 141.67 support. Firm break of 141.67 support will resume whole decline from 161.95 high, for 140.25 support next. On the upside, above 144.22 minor resistance will turn intraday bias neutral first. But risk […]
03/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 163.57; (P) 165.48; (R1) 166.73; More… Intraday bias in EUR/JPY stays on the downside. Sustained break of 55 D EMA (now at 163.94) will extend the fall from 171.58, as a correction to rise from 153.15, to 61.8% retracement of 153.15 to 171.58 at 160.19. On the upside, above 167.37 will turn […]
24/01/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8545; (P) 0.8557; (R1) 0.8566; More… Intraday bias in EUR/GBP remains on the downside for the moment. Current fall from 0.8713 is part of the larger down trend. Deeper decline should be seen to 0.8491 low, and then 0.8464 projection level. On the upside, above 0.8591 minor resistance will turn intraday bias […]