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Daily Pivots: (S1) 147.58; (P) 148.19; (R1) 148.55; More… Intraday bias in USD/JPY remains neutral for the moment, and outlook is unchanged. Focus remains on 148.79 resistance. Firm break there will resume the rally from 140.25 to 151.89/93 key resistance zone. For now, further rise will remain in favor as long as 145.88 holds, in […]

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GBP/JPY Daily Outlook

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22/03/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8546; (P) 0.8564; (R1) 0.8599; More… Immediate focus is now on 0.8577 resistance in EUR/GBP with current rebound. Decisive break there will argue that fall from 0.8764 has completed and turn bias back to the upside for stronger rebound. On the downside, decisive break of 0.8491/7 support zone will resume larger down […]
27/12/2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2697; (P) 1.2714; (R1) 1.2742; More… GBP/USD is still bounded in consolidation below 1.2793 and intraday bias stays neutral. As long as 1.2499 support holds, near term outlook will stay bullish and further rally is expected. On the upside, firm break of 1.2793 will resume the rally from 1.2036. Next target is […]
15/12/2023

EUR/JPY Daily Outlook

Daily Pivots: (S1) 154.53; (P) 155.29; (R1) 156.72; More.. EUR/JPY recovered ahead of 153.15 support and intraday bias is turned neutral. Near term outlook stay bearish as long as 157.67 resistance intact. On the downside decisive break of 153.15 will resume whole fall from 164.39 to 61.8% retracement of 139.05 to 164.29 at 148.69. In […]