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Daily Pivots: (S1) 0.8411; (P) 0.8422; (R1) 0.8433; More…. Intraday bias in EUR/GBP remains neutral for the moment. Consolidations from 0.8399 would continue and stronger recovery might be seen. But further decline is expected as long as 0.8466 minor resistance holds. Below 0.8399 will resume the decline from 0.8624 and target 0.8382 support. Firm break […]

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21/06/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 158.25; (P) 158.59; (R1) 159.28; More… USD/JPY’s rise from 151.85 is still in progress and intraday bias stays on the upside. Further rally could be seen to 160.20 high, or possibly to 100% projection of 151.86 to 157.70 from 154.53 at 160.37. But upside should be limited there, at least on first […]
09/03/2024

USD/CAD Weekly Outlook

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 […]
12/07/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8919; (P) 0.8961; (R1) 0.9007; More… Further decline is expected in USD/CHF with 0.9000 resistance intact. Deeper decline would be seen to 0.88825 support. Fall from 0.9223 should be in progress with near term channel intact. Break of 0.8825 will target 50% retracement of 0.8332 to 0.9223 at 0.8778 next. However, break […]