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Daily Pivots: (S1) 178.86; (P) 180.18; (R1) 181.35; More… Range trading continues in GBP/JPY above 178.32 and intraday bias remains neutral. Further decline is expected as long as 184.15 resistance holds. On the downside, break of will resume the decline from 188.63 and target 38.2% retracement of 148.93 to 188.63 at 173.46. However, decisive break […]

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10/05/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6583; (P) 0.6603; (R1) 0.6639; More… Intraday bias in AUD/USD remains neutral for the moment. Further rise is in favor as long as 55 4H EMA (now at 0.6570) holds. Above 0.6645 will resume the rebound from 0.6361. On the downside, however, firm break of 55 4H EMA will bring deeper fall […]
09/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8587; (P) 0.8603; (R1) 0.8615; More… Intraday bias in EUR/GBP remains mildly on the upside for 0.8643 resistance. Firm break there will resume the choppy rebound from 0.8497 low. On the downside, below 0.8585 minor support will turn intraday bias neutral first. In the bigger picture, outlook remains bearish as EUR/GBP is […]
15/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3625; (P) 1.3658; (R1) 1.3684; More… USD/CAD is staying in range above 1.3608 and intraday bias remains neutral. On the upside, break of 1.3761 resistance will argue that correction from 1.3845 has already completed. Intraday bias will be back to the upside to resume larger rally from 1.3176 through 1.3845. However, sustained […]