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Daily Pivots: (S1) 159.93; (P) 160.47; (R1) 161.47; More… Intraday bias in EUR/JPY remains on the upside for the moment. Rise from 158.06 is in progress for retesting 161.84. Firm break there will resume whole rise from 153.15 and target 164.29 high. For now, further rally is expected as long as 158.06 support holds, in […]

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07/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 153.12; (P) 153.57; (R1) 154.34; More… No change in USD/JPY’s outlook and intraday bias stays neutral. On the upside, firm break of 55 4H EMA (now at 154.81) will bring stronger rebound towards 157.98 resistance. On the downside, below 151.86 will resume the fall from 160.20. But strong support should be seen […]
18/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2421; (P) 1.2451; (R1) 1.2486; More… GBP/USD is staying in consolidation from 1.2404 and intraday bias remains neutral. Upside but upside of recovery should be limited by 1.2538 support turned resistance to bring another fall. On the downside, firm break of 1.2404 will resume the decline from 1.2892 to 100% projection of […]
15/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2396; (P) 1.2481; (R1) 1.2535; More… Intraday bias in GBP/USD is turned neutral with 4H MACD crossed above signal line. Some consolidations would be seen first, but recovery should be limited by 1.2577 minor resistance to bring another fall. On the downside, break of 1.2425 will resume the decline from 1.2892 to […]