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Daily Pivots: (S1) 1.3604; (P) 1.3623; (R1) 1.3639; More… Intraday bias in USD/CAD remains neutral for the moment. Outlook is unchanged that corrective pattern from 1.3845 could extend. Break of 1.3589 will target 100% projection of 1.3845 to 1.3589 from 1.3790 at 1.3534. Strong support would be seen there to bring rebound. On the upside, […]

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GBP/JPY Daily Outlook

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11/05/2024

GBP/USD Weekly Outlook

GBP/USD dipped to 1.2445 last week but recovered since then. Initial bias remains neutral this week, and further rise is mildly in favor. On the upside, break of 1.2633 will resume the rally from 1.2298 to 1.2708 resistance next. However, firm break of 1.2445 will indicate that this rebound has completed, and revive near term […]
15/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0783; (P) 1.0804; (R1) 1.0842; More… EUR/USD’s rise from 1.0601 resumed by breaking through 1.0810 and intraday bias is back on the upside. Further rise should be seen to 1.0885 resistance next. For now, further ally is expected as long as 1.0765 support holds, in case of retreat. In the bigger picture, […]
21/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3674; (P) 1.3697; (R1) 1.3713; More… No change in USD/CAD’s outlook as range trading continues below 1.3790. Corrective fall from 1.3845 should have completed already. Further rally is expected as long as 1.3662 support holds. Break of 1.3790 will target a retest on 1.3845 first. Nevertheless, break of 1.3662 will turn bias […]