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AUD/USD’s fall from 0.6706 extended lower to 0.6439 last week but turned sideway. Initial bias stays neutral this week first. Further decline is in favor as long as 55 D EMA (now at 0.6545) holds. Below 0.6439 will target 0.6413 cluster support (38.2% retracement of 0.5913 to 0.6706 at 0.6403. Decisive break there will indicate […]

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GBP/JPY Weekly Outlook

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19/02/2025

GBP/JPY Daily Outlook

Daily Pivots: (S1) 191.12; (P) 191.53; (R1) 192.22; More… Intraday bias in GBP/JPY remains neutral for the moment. Outlook is unchanged that corrective pattern from 180.00 is extending, possibly with rebound from 187.04 as another upleg. Above 193.04 will target 194.73 resistance first. Firm break there will solidify this case and target 198.94 next. In […]
20/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3188; (P) 1.3251; (R1) 1.3349; More… Intraday bias in GBP/USD remains on the upside for 61.8% projection of 1.2664 to 1.3265 from 1.3000 at 1.3371. Firm break there will pave the way to 100% projection at 1.3601 next. On the downside, below 1.3219 minor support will turn intraday bias neutral and bring […]
01/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 186.36; (P) 186.97; (R1) 187.70; More… GBP/JPY is staying in consolidation below 188.63 and intraday bias remains neutral for the moment. While deeper retreat cannot be ruled out, near term outlook will stay bullish as long as 184.44 support holds. On the upside, break of 188.63 will resume larger up trend. In […]