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Daily Pivots: (S1) 1.3218; (P) 1.3304; (R1) 1.3370; More… Outlook in GBP/USD remains unchanged and intraday bias stays neutral at this point. Another rally is still in favor as long as 1.3265 resistance turned support holds. Above 1.3433 will resume the rise from 1.2298. However, firm break of 1.3265 will confirm short term topping, and […]

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USD/JPY Daily Outlook

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31/10/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 198.10; (P) 198.96; (R1) 199.70; More… A temporary top is formed at 199.79 in GBP/JPY with current retreat. Intraday bias is turned neutral for consolidations first. Further rally would remain in favor as long as 55 D EMA (now at 194.20) holds. Above 199.79 will resume the rebound from 180.00 to retest […]
20/01/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8644; (P) 0.8670; (R1) 0.8707; More…. No change in USD/CHF’s outlook as focus remains on 0.8665 support turned resistance. Decisive break there will turn near term outlook bullish for 61.8% retracement of 0.9243 to 0.8332 at 0.8995. Nevertheless, break of 0.8565 minor support will turn intraday bias back to the downside for […]
09/04/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6398; (P) 1.6456; (R1) 1.6500; More.. Intraday bias in EUR/AUD remains neutral first. On the downside, break of 1.6412 and sustained trading below 1.6439 support will argue that whole rebound from 1.6127 has completed, and turn near term outlook bearish for this support again. Nevertheless, strong rebound from current level, followed by […]