Category: Daily Outlook

GBP/JPY Daily Outlook

Daily Pivots: (S1) 138.25; (P) 139.00; (R1) 139.46; More… Intraday bias in GBP/JPY remains on the downside as fall from 148.87 is in progress for 61.8% retracement of 131.51 to 148.87 at 138.14. Sustained break there will pave the way to retest 131.51 low. On the upside, break of 141.73 minor resistance is […]

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2615; (P) 1.2649; (R1) 1.2694; More…. Despite diminishing downside momentum as seen in 4 hour MACD, there is no sign of bottoming in GBP/USD yet. Intraday bias stays on the downside. Current fall from 1.3381 should target 1.2391 low. Larger decline from 1.4376 might be resuming. Break of 1.2391 will […]

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1138; (P) 1.1159; (R1) 1.1171; More….. EUR/USD’s selloff gathers momentum again today and focus is immediately on 1.1111 low. Decisive break there will resume larger down trend from 1.2555. Next target will be 100% projection of 1.1448 to 1.1183 from 1.1324 at 1.1059. Nevertheless, on the upside, above 1.1186 minor […]

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 1.0068; (P) 1.0094; (R1) 1.0122; More… Intraday bias in USD/CHF remains neutral for consolidation above 1.0050 temporary low first. With 1.0126 support turned resistance intact, another decline is mildly in favor. On the downside, break of 1.0050 will resume the fall from 1.0237 to retest 0.9879 key support. However, firm […]

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 110.18; (P) 110.40; (R1) 110.58; More… Intraday bias in USD/JPY remains neutral first and outlook is unchanged. Corrective recovery from 109.02 should be limited by 55 day EMA (now at 110.82) to bring another fall. On the downside, below 109.81 minor support will turn bias back to the downside for […]

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2617; (P) 1.2668; (R1) 1.2713; More…. GBP/USD’s decline is in progress and intraday bias remains on the downside. Current fall from 1.3381 should target 1.2391 low. Larger decline from 1.4376 might be resuming. Break of 1.2391 will target 61.8% projection of 1.4376 to 1.2391 from 1.3381 at 1.2154 next. On […]