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Daily Pivots: (S1) 0.8590; (P) 0.8613; (R1) 0.8625; More… Intraday bias in EUR/GBP stays on the downside for the moment. Deeper decline should be seen to 0.8548 support first. Firm break there will target 0.8491 low next. On the upside, above 0.8638 minor resistance will turn intraday bias neutral first. But risk will stay on […]

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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 […]
04/01/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 179.73; (P) 180.74; (R1) 182.48; More… Intraday bias in GBP/JPY stays neutral for the moment, and range trading could continue above 178.32. Further decline is expected as long as 184.15 resistance holds. On the downside, break of will resume the decline from 188.63 and target 38.2% retracement of 148.93 to 188.63 at […]
25/03/2024

USD/CAD Weekly Outlook

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. […]