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Daily Pivots: (S1) 153.82; (P) 154.64; (R1) 155.36; More… Range trading continues in USD/JPY and intraday bias stays neutral. On the upside, break of 156.74 will resume the whole rally from 139.57 towards 161.94 high. On the downside, though, break of 153.27 will resume the correction towards 38.2% retracement of 139.57 to 156.74 at 150.18. […]

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GBP/JPY Daily Outlook

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13/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8592; (P) 0.8602; (R1) 0.8609; More… Intraday bias in EUR/GBP remains neutral for the moment. On the downside, below 0.8585 minor support will argue that rebound from 0.8529 has completed, and larger fall might be ready to resume. Intraday bias will be back on the downside for 0.8529 support first. In the […]
06/03/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2672; (P) 1.2704; (R1) 1.2736; More… Intraday bias in GBP/USD remains on the upside at this point. Further rally would be seen to 1.2826 resistance first. Firm break there will resume whole rally from 1.2036, and target 61.8% projection of 1.2036 to 1.2826 from 1.2517 at 1.3005 next. For now, further rise […]
03/02/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2661; (P) 1.2708; (R1) 1.2792; More… Range trading continues in GBP/USD with today’s sharp fall, and intraday bias remains neutral. Consolidation from 1.2826 could still extend further, and deeper fall cannot be ruled out. But downside should be contained above 1.2499 support to bring rebound. On the upside, firm break of 1.2774 […]