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Daily Pivots: (S1) 194.93; (P) 195.54; (R1) 196.71; More… Intraday bias in GBP/JPY is turned neutral first as consolidation from 194.28 extends. But further decline is expected as long as 198.43 resistance holds. Corrective rise from 180.00 could have completed with three waves up to 199.79, after hitting channel resistance. Below 194.28 will target 193.45 […]

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EUR/JPY Daily Outlook

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02/07/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0715; (P) 1.0745; (R1) 1.0771; More…. Intraday bias in EUR/USD remains neutral for the moment. On the upside, firm break of 55 D EMA will argue that pull back from 1.0915 has completed. Further rise should be seen back to 1.0915 resistance. However, break of 1.0665 will resume larger down trend through […]
24/08/2024

EUR/GBP Weekly Outlook

EUR/GBP’s steep decline last week suggest that rebound from 0.8382 has completed 0.8624 already, after rejection by 0.8643 resistance. Initial bias stays on the downside this week for retesting 0.8382 low. Decisive break there will resume larger down trend. On the upside, above 0.8507 support turned resistance will turn intraday bias neutral first. In the […]
07/02/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.58; (P) 148.19; (R1) 148.55; More… Intraday bias in USD/JPY remains neutral for the moment, and outlook is unchanged. Focus remains on 148.79 resistance. Firm break there will resume the rally from 140.25 to 151.89/93 key resistance zone. For now, further rise will remain in favor as long as 145.88 holds, in […]