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EUR/JPY’s pullback from 177.91 extended lower last week but failed to sustain below 175.03 resistance turned support. Initial bias remains neutral this week and further rally is in favor. Above 176.44 minor resistance will turn bias back to the upside for retesting 177.91. However, decisive break of 175.03 will bring deeper decline back to 172.24 […]

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GBP/JPY Daily Outlook

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03/04/2025

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2932; (P) 1.2979; (R1) 1.3056; More… GBP/USD’s rally from 1.2099 resumed by breaking through 1.3013 resistance. Intraday bias is back on the upside. Next target is 61.8% projection of 1.2248 to 1.3013 from 1.2878 at 1.3351. For now, outlook will remain bullish as long as 1.2878 support holds, in case of retreat. […]
04/01/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6165; (P) 1.6221; (R1) 1.6281; More.. Another fall could still be seen in EUR/AUD with 1.6313 minor resistance holds. But considering bullish convergence condition in 4H MACD, stronger support could be seen from 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106 to bring rebound. On the upside, firm break of […]
02/05/2025

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.05; (P) 190.66; (R1) 191.33; More… Intraday bias in GBP/JPY remains on the upside for 195.59 resistance. Firm break there will argue that whole choppy decline from 199.79 has completed at 184.35. Rise from 180.00 could then be ready to resume through 199.79. For now, break of 189.97 support is needed to […]