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Daily Pivots: (S1) 1.2698; (P) 1.2735; (R1) 1.2770; More… While GBP/USD’s pull back from 1.2826 extends lower today, it’s staying above 1.2611 support so far. Intraday bias remains neutral first. On the upside, break of 1.2826 will resume whole rally from 1.2036. However, break of 1.2611 will indicate short term topping, and turn bias back […]

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EUR/USD Mid-Day Outlook

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14/06/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 155.84; (P) 156.61; (R1) 157.49; More… No change in USD/JPY’s outlook as range trading continues. Intraday bias remains neutral. On the downside, break of 154.53 will turn bias to the downside for 151.86 support and possibly below, as the third leg of the corrective pattern from 160.20. On the upside, break of […]
19/03/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3519; (P) 1.3536; (R1) 1.3550; More… No change in USD/CAD’s outlook and intraday bias stays on the upside. Further rise should be seen to retest 1.3605 resistance first. Firm break there will resume whole rally from 1.3176. On the downside, however, break of 1.3458 minor support will turn bias back to the […]
21/01/2024

EUR/AUD Weekly Outlook

EUR/AUD’s rises further to as high as 1.6671 last week before retreating. The development suggests that corrective fall from 1.7062 has completed with three waves down to 1.6127 already. Further rise is expected as long as 1.6398 support holds. Above 1.6671 will target 1.6844 resistance to confirm this bullish case. In the bigger picture, fall […]