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Daily Pivots: (S1) 164.92; (P) 165.28; (R1) 165.93; More… Intraday bias in EUR/JPY remains on the upside at this point. Current rise from 154.77 would target 166.67 resistance, and possibly further to 61.8% retracement of 175.41 to 154.77 at 167.38. On the downside, below 164.53 minor support will turn intraday bias neutral again first. In […]

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EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1383; (P) 1.1415; (R1) 1.1458; More… EUR/USD bounced in early US session but stays below 1.1494 resistance. Intraday bias remains neutral first. Price actions from 1.1572 are seen as a corrective pattern to rally from 1.0716. While rebound from 1.1064 might extend, strong resistance should emerge from 1.1572 to limit upside. On […]
26/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2822; (P) 1.2876; (R1) 1.2903; More… Outlook in GBP/USD is unchanged and intraday bias remains neutral. Further rally is expected with 1.2859 resistance turned support intact. Break of 1.3043 will resume the rise from 1.2298. However, firm break of 1.2859 will turn bias to the downside for deeper decline to 55 D […]
12/10/2024

GBP/JPY Weekly Outlook

GBP/JPY stayed in range below 195.95 last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside break of 195.95 will resume whole rise from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35 next. On the downside, break of 189.54 will turn bias back to the downside for […]