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Daily Pivots: (S1) 1.3196; (P) 1.3230; (R1) 1.3283; More… Intraday bias in USD/CAD stays neutral at this point and some more consolidations could be seen. On the downside, break of 1.3176 will resume the fall from 1.3897 to 1.3091 support and possibly below. Nevertheless, considering bullish convergence condition in 4H MACD, break of 1.3284 will […]

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USD/JPY Daily Outlook

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20/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 180.73; (P) 182.46; (R1) 184.86; More… GBP/JPY retreats sharply ahead of 184.30 resistance and intraday bias remains neutral first. Fall from 188.63 is still in favor to continue. Break of 178.32 will resume the decline and target 38.2% retracement of 148.93 to 188.63 at 173.46. However, decisive break of 184.30 will argue […]
15/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8533; (P) 0.8542; (R1) 0.8557; More… Intraday bias in EUR/GBP remains neutral for the moment. 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 0.8497 low next. On the upside, break […]
18/09/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8443; (P) 0.8460; (R1) 0.8490; More… Intraday bias in USD/CHF stays neutral as range trading continues. With 0.8548 resistance intact, further decline is still expected. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. However, considering […]