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Daily Pivots: (S1) 0.8564; (P) 0.8587; (R1) 0.8615; More…. EUR/GBP’s recovery from 0.8548 extends higher today but stays well below 0.8648 support turned resistance. intraday bias remains neutral and further decline is expected. On the downside, break of 0.8548 will target 0.8491 low first. Firm break there will resume larger down trend. In the bigger […]

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05/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 160.92; (P) 161.30; (R1) 161.66; More… Intraday bias in USD/JPY remains neutral for the moment and some more consolidations could be seen first. Further rally is expected as long as 160.25 minor support holds. Break of 161.94 will resume larger up trend to 61.8% projection of 146.47 to 160.20 from 154.53 at […]
19/04/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 154.18; (P) 154.43; (R1) 154.90; More… USD/JPY’s correction from 154.77 extended lower to 153.58 but recovered just ahead of 55 4H EMA (now at 153.56). Intraday bias remains neutral first. On the upside, break of 154.77 will resume larger up trend. But considering divergence condition in 4H MACD upside should be limited […]
06/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8557; (P) 0.8572; (R1) 0.8592; More… Intraday bias in EUR/GBP remains neutral with focus on 0.8582 resistance. Further decline is expected as long as 0.8582 resistance holds. Below 0.8529 will target 0.8491/7 support zone. However, decisive break of 0.8582 will bring stronger rise back to 0.8643 resistance instead. In the bigger picture, […]