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Daily Pivots: (S1) 1.3239; (P) 1.3273; (R1) 1.3300; More… GBP/USD’s break of 1.3265 resistance turned support suggests short term topping at 1.3433, on bearish divergence condition in 4H MACD. Intraday bias is back on the downside for 55 D EMA (now at 1.3090), and possibly below. But strong support is expected from 1.3000 cluster (38.2% […]

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USD/JPY Daily Outlook

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GBP/JPY Daily Outlook

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03/08/2024

GBP/JPY Weekly Outlook

GBP/JPY’s fall from 208.09 continued last week and accelerated further. This decline is as correcting the whole rally from 148.93. Initial bias stays on the downside this week for 185.49 fibonacci level. On the upside, above 193.23 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another decline. In the bigger […]
03/04/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9050; (P) 0.9071; (R1) 0.9100; More…. USD/CHF’s rally is in progress and intraday bias stays on the upside. Current rise is in progress for 0.9243 key resistance next. On the downside, break of 0.9005 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat. In […]
30/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 159.19; (P) 160.02; (R1) 160.61; More… EUR/JPY is extending the consolidation from 161.84 and intraday bias remains neutral. While deeper retreat cannot be ruled out, further rally is expected as long as 158.55 resistance turned support holds. On the upside, break of 160.91 minor resistance will argue that rise from 153.15 is […]