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Daily Pivots: (S1) 1.0626; (P) 1.0653; (R1) 1.0700; More… EUR/USD is staying in consolidation from 1.0601 and intraday bias stays neutral. While stronger recovery cannot be ruled out, upside should be limited by 1.0723 support turned resistance. On the downside, break of 1.0601 will resume the decline from 1.1138 to 100% projection of 1.1138 to […]

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GBP/JPY Daily Outlook

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08/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 191.00; (P) 191.31; (R1) 191.95; More….. Intraday bias in GBP/JPY remains neutral and more consolidations could be seen below 193.51./ On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. On the downside, though, break of 190.02 will turn bias to the downside for 187.94 support […]
28/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3681; (P) 1.3696; (R1) 1.3717; More… Current strong rebound suggests that USD/CAD’s fall from 1.3790 has finished at 1.3626. Intraday bias is back on the upside for 1.3790 resistance. Firm break there should indicate that consolidation from 1.3845 has completed with three waves to 1.3626. Retest of 1.3845 high should be seen […]
06/06/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0851; (P) 1.0872; (R1) 1.0889; More… Intraday bias in EUR/USD remains neutral and outlook is unchanged. Further rally is expected as long as 1.0788 support holds. Break of 1.0915 will resume the rally from 1.0601 to 61.8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. However, firm break of 1.0788 will […]