GBP/USD Mid-Day Outlook
Daily Pivots: (S1) 1.9725; (P) 1.9850; (R1) 1.9927;
Cable falls further today and the touching of 1.9689 support turns outlook mixed. At this point, further decline could still be seen as long as 1.9817 minor resistance holds. Firm break of 1.9689 support will dampen the view that choppy fall from 2.0391 has completed as […]
EUR/USD Daily Outlook Apr 24 14:34 GMT
Daily Pivots: (S1) 1.5832; (P) 1.5918; (R1) 1.5974;
EUR/USD’s decline from 1.6019 extends further to as low as 1.5675 today. Break of 1.5710 confirms that diagonal triangle that started at 1.5342 should have already completed at 1.6019, after failing to sustain above 1.6 psychological resistance. At this point, intraday bias […]
Daily Pivots: (S1) 101.86; (P) 102.29; (R1) 102.88;
USD/JPY - Apr 18 08 08:25 GMT Daily Outlook, Forex Daily news
USD/JPY retreats mildly after failing to test 102.94 resisetance. Outlook remains unchanged so far. Prior break of 102.25 minor resistance argues that rebound from 95.77 is going to extend further. Nevertheless, as discussed before, decisive break of […]
Daily Pivots: (S1) 1.9758; (P) 1.9841; (R1) 1.9992;
Cable’s rise from 1.9599 continues today and extends further to as high as 1.9979 so far. As discussed before, break of the falling trend line and 1.9894 resistance confirms that whole decline from 2.0391 has completed in form of a falling wedge at 1.9593. At this point, […]
Daily Pivots: (S1) 1.5842; (P) 1.5913; (R1) 1.5977;
EUR/USD continues to consolidate below 1.6000 psychological resistance today. While some more sideway trading still be seen, downside should be contained above 1.5748 support and bring rally resumption. As discussed before, sustained trading above 1.6 will set the stage for rally to next short term target at […]
(S1) 101.11; (P) 101.52; (R1) 102.22;
USD/JPY Outlook Apr 17 08 14:39 GMT
USD/JPY strengthens further today and the break of 102.25 minor resistance argues that rebound from 95.77 is going to extend further. Nevertheless, as discussed before, decisive break of 103.59 resistance zone is still needed to indicate underlying upside momentum is still strong, otherwise, corrective […]
Daily Pivots: (S1) 1.5810; (P) 1.5894; (R1) 1.6032;
EUR/USD continues to trade sideway below 1.6000 psychological support today and touching of 1.5855 turns intraday outlook neutral first. Nevertheless, further rally is still expected as long as 1.5342 support holds. As discussed before, sustained trading above 1.6 will set the stage for rally to next short term […]
Daily Pivots: (S1) 1.9658; (P) 1.9775; (R1) 1.9899;
Sterling’s dive from 1.9894 and break of 1.9650 support indicates that whole fall from 2.0391 has resumed. At this point, intraday bias remains on the downside as long as 1.9714 minor resistance holds. Sustained trading below 1.9650 will set the stage for declining further to retest 1.9337 low. […]