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Daily Pivots: (S1) 1.0806; (P) 1.0862; (R1) 1.0908; More… Intraday bias in EUR/USD is mildly on the downside. Pull back from 1.0953 short term top would extend to 38.2% retracement of 1.0358 to 1.0953 at 1.0726. Strong support should be seen there to bring rebound. Meanwhile, break of 1.0953 will resume the rally from 1.0176 […]

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EUR/JPY Daily Outlook

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GBP/USD Daily Outlook

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19/08/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.00; (P) 148.20; (R1) 148.83; More… USD/JPY’s rebound from 141.67 could have completed after rejection by 38.2% retracement of 161.94 to 141.67 at 149.41. Intraday bias remains on the downside for retesting 141.67 low. Firm break there will resume the whole fall from 161.94 to 139.26 fibonacci level next. For now, risk […]
08/10/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 147.65; (P) 148.39; (R1) 148.93; More… Intraday bias in USD/JPY remains on the upside as rebound from 139.57 low is in progress. This rally is seen as the second leg of the corrective pattern from 161.94. Break of 149.35 resistance will target 61.8% retracement of 161.94 to 139.57 at 153.39 next. On […]
04/02/2024

GBP/USD Weekly Outlook

GBP/USD’s sideway consolidation continued last week and outlook is unchanged. Initial bias remains neutral this week first. In case of another fall, downside should be contained above 1.2499 support to bring rebound. On the upside, firm break of 1.2774 resistance will suggest that consolidation pattern has completed. Further rise should be seen through 1.2826 to […]