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Daily Pivots: (S1) 142.35; (P) 142.72; (R1) 143.20; More… USD/JPY recovered notably today but stays below 144.31 minor resistance. Intraday bias remains neutral first. On the upside, firm break of 144.31 will argue that fall from 148.64 has completed as a corrective pullback. Intraday bias will be turned back to the upside for 148.64 resistance […]

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GBP/USD Mid-Day Outlook

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GBP/JPY Daily Outlook

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05/10/2024

EUR/USD Weekly Outlook

EUR/USD’s extended decline and strong break of 55 D EMA (now at 1.1031) last week suggest that the near term trend has reversed. Initial bias is now on the downside this week for 38.2% retracement of 1.0447 to 1.1213 at 1.0920. Sustained break there will argue that fall from 1.1213 is the third leg of […]
09/03/2024

EUR/GBP Weekly Outlook

EUR/GBP stayed in range of 0.8497/8577 last week and outlook is unchanged. Initial bias remains neutral this week first. On the downside decisive break of 0.8491/7 support zone will confirm larger down trend resumption and target 0.8464 projection level first. Nevertheless, firm break of 0.8577 will turn bias back to the upside for stronger rebound. […]
03/04/2025

GBP/JPY Daily Outlook

Daily Pivots: (S1) 192.90; (P) 194.35; (R1) 195.70; More… No change in GBP/JPY’s outlook as it stays in range below 195.95. Intraday bias remains neutral. On the upside, break of 195.95 will extend the rally from 187.04 once again, to 198.94 resistance. However, firm break of 192.00 support will turn bias back to the downside […]