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USD/JPY’s strong rebound to 154.79 was followed by deep retreat. The development mixed up the near term outlook and initial bias stays neutral this week first. On the upside, break of 154.79 will revive the case that correction from 158.86 has completed at 150.29. Further rise should be seen to retest 158.86 high. However, sustained […]

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EUR/USD Weekly Outlook

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EUR/USD Daily Outlook

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13/01/2025

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0201; (P) 1.0257; (R1) 1.0301; More… EUR/USD’s decline from 1.1213 is extending today and intraday bias is back on the downside. Next near term target is 61.8% projection of 1.1213 to 1.0330 from 1.0629 at 1.0083. For now, outlook will stay bearish as long as 1.0435 resistance holds, in case of recovery. […]
02/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 151.33; (P) 151.55; (R1) 151.88; More… Range trading continues in USD/JPY and intraday bias remains neutral. On the downside, break of 150.25 support should confirm short term topping, and turn bias back to the downside for 55 D EMA (now at 149.35). Nevertheless, sustained break of 151.93 key resistance will confirm long […]
20/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2661; (P) 1.2711; (R1) 1.2782; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.2793 is still extend. Overall, further rally is expected as long as 1.2499 support holds. On the upside, firm break of 1.2793 will resume the rally from 1.2036. Next target is 61.8% projection of 1.2068 to 1.2731 […]