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Daily Pivots: (S1) 194.93; (P) 195.54; (R1) 196.71; More… GBP/JPY’s fall from 199.79 resumed after brief consolidations and intraday bias is back on the downside. As noted before, corrective rise from 180.00 could have completed with three waves up to 199.79, after hitting channel resistance. Break of 193.45 resistance turned support will target 183.70 next. […]

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23/04/2024

EUR/JPY Mid-Day Outlook

Daily Pivots: (S1) 164.55; (P) 164.82; (R1) 165.25; More… EUR/JPY’s breach of 165.33 resistance argues that larger up trend is resuming. Intraday bias is back on the upside. Further rally would be seen to 169.96 key resistance next. Nevertheless, break of 164.39 minor support will turn intraday bias neutral again first. In the bigger picture, […]
06/09/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.18; (P) 188.98; (R1) 189.90; More… GBP/JPY’s break of 188.23 support suggests that rebound from 180.00 has already completed at 193.45, ahead of 55 D EMA. Intraday bias is back on the downside for retesting 180.00. Firm break there will resume whole fall from 208.09. For now, risk will stay on the […]
01/07/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9607; (P) 0.9624; (R1) 0.9644; More…. Immediate focus is now on 0.9683 as EUR/CHF extended the rebound from 0.9476. Decisive break there will argue that Fall from 0.9928 has completed, probably as a correction. Intraday bias will be back on the upside for retesting 0.9928 resistance. Nevertheless, rejection by 0.9683 will maintain […]