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Daily Pivots: (S1) 170.43; (P) 171.01; (R1) 172.02; More… EUR/JPY recovered after dipping to 169.98 and intraday bias is turned neutral first. Further fall is in favor as long as 172.91 resistance holds. Sustained trading below 55 D EMA (now at 170.30) will target 38.2% retracement of 153.15 to 175.41 at 166.90, as a correction […]

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20/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2660; (P) 1.2686; (R1) 1.2727; More… Intraday bias in GBP/USD remains on the upside for the moment. Firm break of 1.2708 resistance will extend the rise from 1.2298 to 100% projection of 1.2298 to 1.2633 from 1.2445 at 1.2780. On the downside, below 1.2642 minor support will turn intraday bias neutral again. […]
10/08/2024

USD/CAD Weekly Outlook

USD/CAD spiked higher to 1.3946 last week but reversed from there. Yet, downside is contained by 55 D EMA (now at 1.3717) so far. Initial bias is neutral this week first. Strong rebound from current level, followed by break of 1.3790 minor resistance, will retain near term bullishness. Further rise should be seen to retest […]
17/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 159.49; (P) 159.82; (R1) 160.40; More… EUR/JPY’s rally from 153.15 resumed by breaking through 160.17 temporary top. Intraday bias is back on the upside. Further rally should be seen to 161.8% projection of 153.15 to 158.55 from 155.06 at 163.79, which is close to 164.29high). ON the downside, below 159.30 minor support […]