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Daily Pivots: (S1) 156.30; (P) 157.15; (R1) 157.98; More… EUR/JPY recovered ahead of 155.72 support and intraday bias is turned neutral again. Overall outlook is unchanged that consolidation pattern from 154.40 might extend further. Above 185.35 minor resistance will bring stronger rebound to 161.17. Nevertheless, firm break of 155.72 support will be a strong sign […]

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17/09/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3150; (P) 1.3185; (R1) 1.3251; More… Intraday bias in GBP/USD stays neutral for the moment. On the upside, decisive break of 1.3265 will resume larger rally 1.3364 projection level next. On the downside, below, 1.3177 minor support will turn bias to the downside, to extend the correction from 1.3265 through 1.3000 support. […]
04/03/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0808; (P) 1.0825; (R1) 1.0857; More… EUR/USD is staying in consolidation below 1.0887 and intraday bias stays neutral. On the upside, break of 1.0887 and sustained trading above 55 D EMA (now at 1.0831) will affirm the case that fall from 1.1138 has completed. Stronger rally would then be seen back to […]
19/06/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 200.14; (P) 200.49; (R1) 200.97; More… GBP/JPY is extending the consolidations below 201.59 and intraday bias stays neutral. Further rally is expected as long as 197.18 support holds. However, considering bearish divergence condition in 4H MACD, firm break of 197.18 will confirm short term topping, and turn bias back to the downside […]