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Daily Pivots: (S1) 1.0870; (P) 1.0889; (R1) 1.0903; More…. EUR/USD is staying in range below 1.0947 and intraday bias remains neutral. Further rise is in favor as long as 1.0871 minor support holds. Break of 1.0947 will target 100% projection of 1.0601 to 1.0915 from 1.0665 at 1.0979. However, firm break of 1.0871 will turn […]

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GBP/JPY Daily Outlook

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08/03/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.48; (P) 189.36; (R1) 190.49; More….. GBP/JPY recovered after dipping to 188.22 and intraday bias is turned neutral first. On the downside, below 188.22 will resume the decline from 191.29 to 38.2% retracement of 178.32 to 191.29 at 186.33. Sustained break there will raise the chance of larger reversal and target 61.8% […]
21/12/2023

EUR/JPY Daily Outlook

Daily Pivots: (S1) 156.55; (P) 157.33; (R1) 157.88; More.. EUR/JPY retreated after hitting 158.55 and intraday bias is turned neutral first. On the upside, above 158.55 will resume the rebound from 153.15 to 55 D EMA (now at 158.82). On the downside, break of 153.15 will resume whole fall from 164.39 to 61.8% retracement of […]
20/04/2024

USD/CAD Weekly Outlook

USD/CAD edged higher to 1.3845 last week but retreated since then. Initial bias remains neutral this week and more consolidations could be seen. Downside should be contained by 1.3660 support to bring another rally. On the upside, firm break of 1.3845 will resume the whole rally from 1.3716 to 1.3976 key resistance. In the bigger […]