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Daily Pivots: (S1) 1.3577; (P) 1.3609; (R1) 1.3653; More… USD/CAD’s rebound from 1.3418 is still in progress and intraday bias stays on the upside. Decisive break of 38.2% retracement of 1.3946 to 1.3418 at 1.3505 will target 61.8% retracement at 1.3559 next. On the downside, below 1.3566 minor support will turn intraday bias neutral first. […]

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12/10/2024

GBP/USD Weekly Outlook

GBP/USD lost downside momentum last week, as seen in 4H MACD, even though fall from 1.3433 short term top extended lower. Initial bias stays neutral this week first. Strong support should be seen from 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) to contained downside. Above 1.3174 minor resistance will turn bias […]
20/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 155.29; (P) 155.63; (R1) 156.02; More… Intraday bias in USD/JPY stays neutral at this point. Price actions from 160.20 are seen as a corrective pattern. On the upside, break of 156.78 will resume the rise from 151.86, as the second leg, to retest 160.20 high. On the downside, below 153.59 will target […]
22/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8502; (P) 0.8524; (R1) 0.8538; More…. Intraday bias in EUR/GBP remains neutral as range trading continues above 0.8507. For now, strong support is still expected from 55 D EMA (now at 0.8498), to complete the correction from 0.8624. Break of 0.8591 resistance will argue that rise from 0.8382 is ready to resume […]