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Daily Pivots: (S1) 0.8460; (P) 0.8471; (R1) 0.8484; More… EUR/GBP’s break of 0.8482 support turned resistance indicates short term bottoming a 0.8396. Intraday bias is back on the upside. Break of 55 D EMA (now at 0.8505) will target 0.8529 support turned resistance. on the downside, break of 0.8493 support will bring retest of 0.8396 […]

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GBP/USD Daily Outlook

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GBP/JPY Daily Outlook

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06/05/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 151.95; (P) 152.90; (R1) 153.92; More… Intraday bias in USD/JPY remains neutral at this point. On the upside, firm break of 55 4H EMA (now at 154.95) will bring stronger rebound towards 157.98 resistance. On the downside, below 151.86 will resume the fall from 160.20. But strong support should be seen from […]
01/12/2023

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3532; (P) 1.3579; (R1) 1.3606; More… USD/CAD’s fall from 1.3897 resumed after brief recovery. Intraday bias is back on the downside. Further fall should be seen to 1.3378 support next. On the upsi8de, though, above 1.3625 minor resistance will turn intraday bias neutral again first. In the bigger picture, corrective pattern from […]
20/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2661; (P) 1.2711; (R1) 1.2782; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.2793 is still extend. Overall, further rally is expected as long as 1.2499 support holds. On the upside, firm break of 1.2793 will resume the rally from 1.2036. Next target is 61.8% projection of 1.2068 to 1.2731 […]