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Daily Pivots: (S1) 1.3440; (P) 1.3481; (R1) 1.3512; More… Intraday bias in GBP/USD remains neutral for the moment. With 1.3389 support intact, further rally is expected. On the upside, firm break of 1.3592 will resume larger rally for 100% projection of 1.2706 to 1.3442 from 1.3138 at 1.3874. However, decisive break of 1.3389 will confirm […]

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29/11/2023

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.72; (P) 162.35; (R1) 162.78; More…. Intraday bias in EUR/JPY remains on the downside at this point. Corrective fall from 164.29 is in progress and deeper decline should be seen to 100% projection of 164.29 tot 161.22 from 163.77 at 160.63 and possibly below. But strong support should be seen from 159.75 […]
11/09/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3051; (P) 1.3079; (R1) 1.3109; More… Intraday bias in GBP/USD remains neutral as range trading continues below 1.3265. Further rise is expected with 1.3043 resistance turned support intact. On the upside, firm break of 1.3265 will resume larger up trend to 100% projection of 1.2298 to 1.3043 from 1.2664 at 1.3409. However, […]
09/12/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 149.33; (P) 150.01; (R1) 150.66; More… No change in USD/JPY’s outlook as consolidation continues above 148.64. Intraday bias stays neutral and further decline is in favor as long as 151.94 resistance holds. On the downside, below 148.64 will strengthen the case that rise from 139.57 has already completed at 156.754. Deeper fall […]