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Daily Pivots: (S1) 142.82; (P) 143.42; (R1) 144.28; More… Further rise is expected in USD/JPY with 142.26 minor support intact. However, near term outlook will stay bearish as long as 38.2% retracement of 158.86 to 139.87 at 147.12 holds. On the downside, break of 142.26 will argue that the recovery from 139.87 short term bottom […]

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GBP/USD Daily Outlook

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10/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2678; (P) 1.2722; (R1) 1.2753; More… GBP/USD is staying in sideway trading below 1.2826 and intraday bias remains neutral at this point. On the upside, decisive break of 1.2826 high will resume whole rally from 1.2036. Nevertheless, break of 1.2611 will bring deeper correction to 1.2499 support instead. In the bigger picture, […]
28/08/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.12; (P) 191.02; (R1) 191.79; More… Intraday bias in GBP/JPY remains neutral as consolidation from 191.99 is still extending. On the upside, above 191.99 will target 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from 208.09. On the downside, however, firm break of 187.84 […]
04/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2684; (P) 1.2731; (R1) 1.2789; More… Intraday bias in GBP/USD remains on the upside for retesting 1.2859 high. Correction from there should have completed at 1.2612. Firm break of 1.2859 will resume rally from 1.2298. For now, risk will stay on the upside as long as 1.2612 support holds, in case of […]