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Daily Pivots: (S1) 140.89; (P) 141.80; (R1) 143.16; More… Intraday bias in USD/JPY remains mildly on the upside at this point. Rebound from 139.57 short term bottom should target 55 D EMA (now at 147.58), and possibly further to 38.2% retracement of 161.94 to 139.57 at 148.11. For now, risk will stay on the upside […]

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19/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8549; (P) 0.8560; (R1) 0.8570; More… Outlook in EUR/GBP remains unchanged as range trading continues. Intraday bias stays neutral at this point. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 has completed at 0.8601. Intraday bias will be back on the downside for retesting […]
15/06/2024

USD/CAD Weekly Outlook

USD/CAD edged higher to 1.3790 last week but retreated since then. Intraday bias remains neutral this week first. 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 to the […]
27/03/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2611; (P) 1.2639; (R1) 1.2657; More… No change in GBP/USD’s outlook as consolidation continues above 1.2574. Intraday bias stays neutral and risk remains on the downside as long as 55 4H EMA (now at 1.2675) holds. Below 1.2574 will resume the fall from 1.2892 to 1.2517 structural support first. Decisive break there […]