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Daily Pivots: (S1) 190.02; (P) 190.43; (R1) 191.00; More… Intraday bias in GBP/JPY remains on the upside at this point. Current rally is in progress for 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. Firm break there will target 100% projection at 195.40. On the downside, below 189.05 minor support will turn intraday […]

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20/06/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0728; (P) 1.0741; (R1) 1.0756; More…. Intraday bias in EUR/USD remains neutral and outlook is unchanged. Further decline is expected as long as 55 4H EMA (now at 1.0756) holds. Fall from 1.0915 is seen as another leg in the larger corrective pattern. Below 1.0677 will target 1.0601 low first. Firm break […]
01/03/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0782; (P) 1.0819; (R1) 1.0842; More… No change in EUR/USD’s outlook and intraday bias stays neutral. On the upside, break of 1.0887 and sustained trading above 55 D EMA (now at 1.0832) will affirm the case that fall from 1.1138 has completed. Stronger rally would then be seen back to 1.1138. However, […]
29/11/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 146.92; (P) 147.87; (R1) 148.43; More… Intraday bias in USD/JPY is turned neutral with breach of 147.70 minor resistance. Some consolidations could be seen, but risk will stay on the downside as long as 149.66 resistance holds. Below 146.65 will resume the fall from 151.89 to 100% projection of 151.89 to 147.14 […]