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Daily Pivots: (S1) 0.8538; (P) 0.8556; (R1) 0.8567; More… Intraday bias in EUR/GBP remains neutral at this point and outlook is unchanged. On the downside, break of 0.8535 minor support will bring retest of 0.8491/7 support zone. Firm break there will resume larger decline. However, considering bullish convergence condition in 4H MACD, sustained break of […]

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USD/JPY Daily Outlook

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09/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 173.54; (P) 174.08; (R1) 174.65; More… Intraday bias in EUR/JPY remains neutral for the moment. On the upside, firm break of 174.50 will resume the larger up trend and target 138.2% projection of 164.01 to 170.87 from 167.52 at 177.00. On the downside, however, break of 173.07 will turn bias to the […]
17/08/2024

GBP/USD Weekly Outlook

GBP/USD’s strong rally last week indicates that correction from 1.3043 has completed at 1.2664 already ahead of 1.2612 support. Initial bias remains on the upside this week for retesting 1.3043. Firm break there will resume whole rise from 1.2998 to 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124, which is close to 1.3141 […]
25/03/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 151.02; (P) 151.44; (R1) 151.88; More… Intraday bias in USD/JPY remains neutral as consolidation from 151.92 is extending. Further rally is expected as long as 150.25 support holds. On the upside, decisive break of 151.93 key resistance will confirm long term up trend resumption. Next near term target will be 61.8% projection […]