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Daily Pivots: (S1) 194.75; (P) 196.83; (R1) 198.22; More… Intraday bias in GBP/JPY remains neutral for the moment. While pullback from 199.79 might extend lower, further rally would remain in favor as long as 55 D EMA (now at 194.22) holds. Above 199.79 will resume the rebound from 180.00 to retest 208.09 high. However, sustained […]

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11/01/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3363; (P) 1.3383; (R1) 1.3399; More… Intraday bias in USD/CAD is turned neutral with current retreat. But further rally is in favor as long as 1.3286 minor support holds. Above 1.3413 will resume the rebound from 1.3176 to 38.2% retracement of 1.3897 to 1.3176 at 1.3451. Firm break there will pave the […]
11/03/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.45; (P) 189.08; (R1) 189.78; More….. Intraday bias in GBP/JPY remains neutral for the moment. 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 scale correction and target 61.8% retracement at 183.27. […]
07/08/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6480; (P) 0.6511; (R1) 0.6549; More… AUD/USD is still capped by 0.6567 resistance and intraday bias remains neutral for the moment. Further fall is also in favor. On the downside, below 0.6472 minor support will turn bias back to the downside for retesting 0.6348 low. Nevertheless, strong break of 0.6567 will bring […]