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Daily Pivots: (S1) 0.9339; (P) 0.9367; (R1) 0.9388; More…. Intraday bias in EUR/CHF remains neutral as it’s still bounded in converging triangle. On the downside, break of 0.9331 will target 0.9305 support first. Firm break there will bring retest of 0.9209 low. On the upside, break of 0.9444 will bring stronger rally to 0.9506 resistance […]

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EUR/GBP Daily Outlook

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12/11/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 197.03; (P) 197.75; (R1) 198.57; More… Range trading continues in GBP/JPY and intraday bias stays neutral for the moment. Further rally is expected as long as 55 D EMA (now at 194.99) holds. Above 199.79 will resume the rebound from 180.00 to retest 208.09 high. However, sustained break of 55 D EMA […]
30/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8330; (P) 0.8340; (R1) 0.8358; More… Intraday bias in EUR/GBP remains neutral for the moment, and more consolidations could be seen above 0.8316. Outlook will stay bearish as long as 0.8399 support turned resistance holds. On the downside, below 0.8316 will resume the fall from 0.8624 to 100% projection of 0.8624 to […]
15/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 157.03; (P) 158.24; (R1) 159.12; More… Fall from 161.94 is seen as correcting the whole five-wave rally from 140.25. Deeper decline is in favor and sustained trading below 55 D EMA (now at 157.67) will affirm this bearish case. Next target will be 38.2% retracement of 140.25 to 161.94 at 163.65. Nevertheless, […]