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Daily Pivots: (S1) 152.37; (P) 154.33; (R1) 155.60; More… Intraday bias in USD/JPY remains on the downside as fall from 160.20 is in progress. As a correction to rise from 146.47, deeper decline would be seen to 55 D EMA (now at 152.25), and possibly further to 61.8% retracement of 146.47 to 160.20 at 151.71. […]

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09/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3078; (P) 1.3158; (R1) 1.3207; More… Outlook in GBP/USD is unchanged as range trading continues below 1.3265. Further rise is expected with 1.3043 resistance turned support intact. On the upside, firm break of 1.3265 will resume larger up trend to 100% projection of 1.2298 to 1.3043 from 1.2664 at 1.3409. However, firm […]
27/07/2024

USD/JPY Weekly Outlook

USD/JPY’s fall from 161.94 extended to as low as 151.93 last week, but recovered after breaching 151.98 resistance turned support briefly. Initial bias remains neutral this week for consolidations. Risk will stay on the downside as long as 155.36 support turned resistance holds. Decisive break of 151.89 resistance turned support will argue that large scale […]
02/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3683; (P) 1.3716; (R1) 1.3769; More… USD/CAD’s rebound from 1.3626 resumed by breaking through 1.3733, but stays below 1.3790 resistance. Intraday bias remains neutral first. Consolidation from 1.3845 could extend further. While another fall could be seen, downside should be contained by 1.3589 cluster support (38.2% retracement of 1.3176 to 1.3845 at […]