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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 […]

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03/02/2024

GBP/JPY Weekly Outlook

GBP/JPY’s pull back from 188.90 extended to 185.21 last week but recovered since then. Initial bias remains neutral this week first. Firm break of 187.60 will turn bias to the upside for 188.90. Break there will confirm resumption of larger up trend. Meanwhile, below 185.21 will turn bias to the downside and extend the correction […]
22/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3703; (P) 1.3725; (R1) 1.3752; More… Intraday bias in USD/CAD remains on the upside for the moment. Corrective pattern from 1.3845 might have completed with three waves to 1.3588, after hitting 38.2% retracement of 1.3716 to 1.3845 at 1.3589. Further rise should be seen to 1.3790 resistance first. Firm break there will […]
29/08/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8401; (P) 0.8431; (R1) 0.8452; More….. USD/CHF’s fall from 0.9223 is in progress. Intraday bias stays on the downside for 61.8% projection of 0.9049 to 0.8431 from 0.8747 at 0.8365, and then 0.8332 low. On the upside, above 0.8484 minor resistance will turn intraday bias neutral. But outlook will remain bearish as […]