Category: Daily Outlook

GBP/USD Weekly Outlook

GBP/USD edged lower to 1.2251 last week but rebound strongly since then. Still, upside was limited below 1.2542 near term resistance. Initial bias remains neutral this week first. On the upside, break of 1.2542 will argue that whole decline from 1.2813 has completed. Intraday bias will be turned back to the upside for 1.2813 high. […]

USD/JPY Weekly Outlook

USD/JPY’s rebound from 106.07 extended to as high as 108.16 last week but retreated since then. Initial bias is neutral this week for some sideway trading. Further rise is mildly in favor as long as 106.79 support holds. Break of 108.16 will resume the rebound form 106.07 to 109.85 resistance next. Break will argue that […]

EUR/USD Weekly Outlook

EUR/USD continued stay in sideway trading last week and outlook is unchanged. Initial bias remains neutral this week and more sideway trading could be seen. On the downside, break of 1.1168 will target 38.2% retracement of 1.0635 to 1.1422 at 1.1121. Sustained break there will argue that whole rebound from 1.0635 has completed and bring […]

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2441; (P) 1.2485; (R1) 1.2514; More…. Intraday bias in GBP/USD remains neutral for the moment. On the upside, firm break of 1.2542 resistance will suggest completion of the pullback from 1.2813. Intraday bias will be turned back to the upside to retest 1.2813 and break will resume the whole rise from 1.1409. […]

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1208; (P) 1.1255; (R1) 1.1288; More…. Intraday bias in EUR/USD remains neutral and outlook is unchanged. On the downside, break of 1.1168 will target 38.2% retracement of 1.0635 to 1.1422 at 1.1121. Sustained break there will argue that whole rebound from 1.0635 has completed and bring deeper fall to 61.8% retracement at […]

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0608; (P) 1.0635; (R1) 1.0652; More… Further decline in EUR/CHF is still expected as long as 1.0698 resistance holds. Current fall from 1.0915 should target a test on 1.0503 low. Nevertheless, firm break of 1.0698 resistance will indicate short term bottoming. Intraday bias will be turned back to the upside for stronger […]

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6196; (P) 1.6251; (R1) 1.6282; More… Intraday bias in EUR/AUD remains neutral for the moment. As long as 1.6772 resistance holds, further decline is still expected. On the downside, break of 1.6033 will resume the fall from 1.9799 and target next support level at 1.5346. On the upside, however, break of 1.6772 […]

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.9001; (P) 0.9016; (R1) 0.9030; More… Intraday bias in EUR/GBP remains neutral for the moment. As long as 0.9901 support holds, further rise is in favor. On the upside firm break of 61.8% retracement of 0.9499 to 0.8670 at 0.9182 will pave the way to retest 0.9499 high. On the downside, however, […]

EUR/JPY Daily Outlook

Daily Pivots: (S1) 120.57; (P) 121.00; (R1) 121.26; More….. Intraday bias in EUR/JPY remains neutral as consolidation from 119.31 is still extending. Further decline is in favor with 122.11 minor resistance intact. On the downside, break of 119.31 will resume the fall from 124.43 to 61.8% retracement of 114.42 to 124.43 at 118.24. However, break […]

GBP/JPY Daily Outlook

Daily Pivots: (S1) 133.65; (P) 134.18; (R1) 134.57; More… At this point, further rise is mildly in favor in GBP/JPY for 136.34 resistance. Break there should confirm completion of the decline from 139.73 and bring retest of this high. Though, break of 131.95 will resume the fall from 139.73 to 129.27 support. – advertisement – […]