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Daily Pivots: (S1) 161.86; (P) 162.27; (R1) 162.59; More… EUR/JPY’s rally from 160.20 accelerates higher today and intraday bias stays on the upside for 163.70 resistance. Decisive break there will resume larger rally from 153.15 for 164.29 high. On the downside, below 161.94 minor support will delay the bullish case and turn intraday bias neutral […]

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USD/JPY Mid-Day Outlook

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13/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3725; (P) 1.3737; (R1) 1.3754; More… Intraday bias in USD/CAD remains neutral for the moment. 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 1.3946 high. However, sustained trading below 55 D EMA (now at 1.3726) will […]
23/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0628; (P) 1.0650; (R1) 1.0675; More… Range trading continues in EUR/USD and intraday bias remains neutral. Upside of recovery should be limited by 1.0723 support turned resistance. Break of 1.0601 will resume the fall from 1.1138 to 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536 next. In the bigger picture, […]
18/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2968; (P) 1.3006; (R1) 1.3048; More… A temporary top should be formed at 1.3043 as GBP/USD retreated after hitting rising channel resistance. Intraday bias is turned neutral for some consolidations first. Downside should be contained by 1.2859 resistance turned support to bring another rally. Above 1.3043 will resume the rise from 1.2298 […]