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USD/JPY’s fall from 161.94 extended to as low as 151.93 last week, but recovered after breaching 151.98 resistance turned support briefly. Initial bias remains neutral this week for consolidations. Risk will stay on the downside as long as 155.36 support turned resistance holds. Decisive break of 151.89 resistance turned support will argue that large scale […]

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EUR/USD Weekly Outlook

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GBP/JPY Daily Outlook

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17/01/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9351; (P) 0.9370; (R1) 0.9389; More… EUR/CHF is extending the corrective recovery from 0.9252 and intraday bias stays neutral. Outlook remains bearish with 0.9402 support turned resistance intact. On the downside, break of 0.9252 will resume larger down trend to 100% projection of 0.9995 to 0.9416 from 0.9683 at 0.9104 next. However, […]
03/06/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 199.60; (P) 200.06; (R1) 200.88; More…. Intraday bias in GBP/JPY remains neutral for the moment. Further rally is expected as long as 198.73 support holds. Firm break of 200.72 will confirm larger up trend resumption. Next target is 61.8% projection of 195.02 to 200.72 from 198.73 at 202.25. In the bigger picture, […]
27/03/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3561; (P) 1.3576; (R1) 1.3599; More… Intraday bias in USD/CAD stays neutral at this point. On the upside, decisive break of 1.3612 resistance will resume whole rise from 1.3176 towards 1.3897 resistance. On the downside, firm break of 1.3419 support will argue that rebound from 1.3176 has completed. Near term outlook will […]