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Daily Pivots: (S1) 190.80; (P) 194.20; (R1) 196.23; More… GBP/JPY’s fall from 208.09 continues today and intraday bias stays on the downside. Current decline is a larger scale correction and should target 185.49 fibonacci level. For now, outlook will continue to stay bearish as long as 199.45 resistance holds, in case of recovery. In the […]

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EUR/USD Daily Outlook

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08/03/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3433; (P) 1.3480; (R1) 1.3505; More… Immediate focus is now on 1.3439 in USD/CAD with current decline. Decisive break there will argue that rebound from 1.3176 has completed as a corrective move to 1.3605. Near term outlook will be turned bearish for 1.3357 support first. On the upside, though, break of 1.3524 […]
15/12/2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0905; (P) 1.0957; (R1) 1.1044; More… EUR/USD failed to break through 1.1016 resistance and retreated notably in early US session. Intraday bias is turned neutral first. Some consolidations would be seen. But for now, outlook will stay cautiously bullish as long as 1.0722 support holds. On the upside, decisive break of 1.1016 […]
11/09/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6637; (P) 0.6657; (R1) 0.6673; More… Intraday bias in AUD/USD remains on the downside for the moment. Decisive break of 38.2% retracement of 0.6348 to 0.6823 at 0.6642 will target 61.8% retracement at 0.6529. On the upside, though, above 0.6766 resistance will bring retest of 0.6823 instead. In the bigger picture, overall, […]