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USD/CAD fell sharply to 1.3419 last week but quickly recovered to close above 1.3439 support. Initial bias is turned neutral this week first. On the downside, break of 1.3419 and sustained trading below 1.3439 will argue that rebound from 1.3176 has completed as a corrective move to 1.3605. Near term outlook will be turned bearish […]

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GBP/USD Mid-Day Outlook

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EUR/USD Weekly Outlook

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11/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3051; (P) 1.3079; (R1) 1.3109; More… Intraday bias in GBP/USD stays neutral first with focus on 1.3043 resistance turned support. Strong rebound will maintain near term bullishness. Further break of 1.3265 will extend recent up trend to 100% projection of 1.2298 to 1.3043 from 1.2664 at 1.3409. However, firm break of 1.3043 […]
22/08/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.92; (P) 190.21; (R1) 191.47; More… Range trading continues in GBP/JPY below 191.99 and intraday bias remains neutral. On the upside, above 191.99 will resume the rally from 180.00, and target 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from 208.09. On the downside, […]
07/06/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 155.19; (P) 155.81; (R1) 156.26; More…. USD/JPY rebounds notably in early US session but stays below 157.70 resistance. Intraday bias remains neutral first. On the upside, break of 157.70 will resume the whole rise from 151.86 and target 160.20 high. Nevertheless, break of 154.53 will turn bias to the downside for 151.86 […]