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Daily Pivots: (S1) 0.9711; (P) 0.9733; (R1) 0.9755; More…. Intraday bias in EUR/CHF is turned neutral with current retreat and some consolidations would be seen first. Further rally is expected as long as 0.9639 minor support holds. Above 0.9754 will resume the rise from 0.9476 to 0.9928 high. Nevertheless, break of 0.9639 will turn bias […]

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GBP/JPY Daily Outlook

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25/05/2024

EUR/JPY Weekly Outlook

EUR/JPY’s rise from 164.01 extended by breaking through 169.38 resistance last week. This rally is seen as the second leg of the corrective pattern from 171.58. Initial bias remains on the upside for 61.8% projection of 164.01 to 169.38 from 167.31 at 170.62, and then 171.58 high. On the downside, break of 169.05 minor support […]
01/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2623; (P) 1.2642; (R1) 1.2665; More… Intraday bias in GBP/USD stays neutral first. On the upside, firm break of 1.2702 resistance will argue that pull back from 1.2859 has completed, and bring retest of this high instead. Nevertheless, rejection by 1.2702 will keep risk on the downside. Sustained trading below 1.2633 resistance […]
04/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3507; (P) 1.3535; (R1) 1.3579; More… While USD/CAD’s recovery from 1.3439 extended, upside is capped below 1.3617 resistance. Intraday bias remains neutral and further decline is still expected. On the downside, break of 1.3439 and sustained trading below 61.8% retracement of 1.3091 to 1.3946 at 1.3418 will pave the way to 1.3091/3176 […]