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Much volatility was seen in USD/CAD last week. But after all, near term outlook remains bullish with 1.3419 support intact. Initial focus is now on 1.3612 resistance. Decisive break there will resume whole rise from 1.3176 towards 1.3897 resistance. On the downside, firm break of 1.3419 support will argue that rebound from 1.3176 has completed. […]

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AUD/USD Weekly Report

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GBP/JPY Daily Outlook

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16/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0783; (P) 1.0804; (R1) 1.0842; More… EUR/USD’s rally from 1.0601 continues today and intraday bias stays on the upside. Next target is 1.0980 resistance. Decisive break there will confirm that whole fall from 1.1138 has completed already. On the downside, below 1.0833 minor support will turn intraday bias neutral first. But further […]
27/08/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 189.80; (P) 190.30; (R1) 191.08; More… GBP/JPY is still bounded in range trading below 191.99 and intraday bias remains neutral at this point. On the upside, above 191.99 will 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, however, […]
02/09/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.85; (P) 191.45; (R1) 192.40; More… Breach of 191.99 resistance suggests that GBP/JPY’s rebound from 180.00 is resuming. Intraday bias is mildly on the upside for 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, however, firm break of 188.23 […]