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Daily Pivots: (S1) 161.38; (P) 161.59; (R1) 161.93; More… Range trading continues in USD/JPY below 161.94 and intraday bias remains neutral. Further rally is expected with 160.25 minor support intact. On the upside, break of 161.94 will resume larger up trend to 61.8% projection of 146.47 to 160.20 from 154.53 at 163.01. Nevertheless, break of […]

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05/01/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6683; (P) 0.6721; (R1) 0.6746; More… Intraday bias in AUD/USD remains mildly on the downside at this point. Pull back from 0.6870 short term top is in progress. But strong support would be seen from channel support (now at 0.6677) to bring rebound. On the upside, above 0.6759 minor resistance will turn […]
27/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2594; (P) 1.2644; (R1) 1.2672; More… GBP/USD’s fall from 1.2859 is trying to resume through 1.2622 temporary low and intraday bias is back on the downside. Sustained trading below 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and below. On the upside, however, firm […]
21/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3603; (P) 1.3622; (R1) 1.3639; More… Intraday bias in USD/CAD stays on the downside for 1.3588 structural support. Strong support could be seen from there to bring reversal. On the upside, above 1.3686 minor resistance will turn intraday bias back to the upside for stronger rebound. However, decisive break of 1.3588 will […]