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Daily Pivots: (S1) 162.25; (P) 163.12; (R1) 164.75; More…. EUR/JPY’s strong rebound from 161.48 and break of 163.96 minor resistance suggests that pullback from 166.67 has completed. The development also revives near term bullishness. Intraday bias is back on the upside for 166.67 resistance first. Firm break there will resume whole rebound from 154.40. In […]

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11/05/2024

EUR/USD Weekly Outlook

EUR/USD stayed in consolidation below 1.0810 last week. Initial bias stays neutral this week but further rally is expected as long as 55 4H EMA (now at 1.0744) holds. On the upside, above 1.0810 will resume the rebound from 1.0601 to 1.0884 resistance next. However, firm break of 55 4H EMA will argue that the […]
09/08/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 185.54; (P) 186.71; (R1) 188.93; More… Intraday bias in GBP/JPY stays neutral and outlook remains bearish as long as 190.48 resistance holds. On the downside, below 183.10 minor support will bring retest of 180.00 first. Break there will resume the fall from 208.09 to 178.32 support next. Nevertheless, firm break of 190.48 […]
06/03/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8817; (P) 0.8843; (R1) 0.8860; More…. Range trading continues in USD/CHF and intraday bias remains neutral. Further rally is in favor as long as 0.8741 support holds. Break of 0.8891 will resume the whole rebound from 0.8332 towards 0.9243 key resistance. Nevertheless, break of 0.8741 support will turn bias back to the […]