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Daily Pivots: (S1) 1.3204; (P) 1.3280; (R1) 1.3324; More… GBP/USD’s breach of 1.3232 support indicates short term topping at 1.3442, after rejection by 1.3433 key resistance. Intraday bias is back on the downside for 55 D EMA (now at 1.3056). Firm break there will target 38.2% retracement of 1.2099 to 1.3442 at 1.2929. For now, […]

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13/04/2024

EUR/JPY Weekly Outlook

EUR/JPY failed to break through 165.33 last week and retreated sharply since then. Despite brief breach of 162.59 support, it recovered quickly. Initial bias remains neutral this week first. On the upside, firm break of 165.33 will resume larger up trend towards 169.96 key resistance next. However, decisive break of 162.59 will argue that it’s […]
11/01/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0939; (P) 1.0957; (R1) 1.0990; More… Intraday bias in EUR/USD remains neutral at this point. On the downside break of 1.0876 will resume the fall from 1.1138 short term top to 1.0722 support next. However, break of 1.0997 will turn bias back to the upside for retesting 1.1138 high instead. In the […]
08/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2630; (P) 1.2701; (R1) 1.2789; More… Intraday bias in GBP/USD is turned neutral again with current retreat. On the upside, decisive break of 1.2826 high will resume whole rally from 1.2036. Nevertheless, another fall and break of 1.2611 will bring deeper correction to 1.2499 support instead. In the bigger picture, price actions […]