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Daily Pivots: (S1) 186.87; (P) 188.10; (R1) 189.15; More… Intraday bias in GBP/JPY stays neutral and outlook remains bearish with 38.2% retracement of 208.09 to 180.00 at 190.73 intact. On the downside, below 184.46 minor support will turn intraday bias back to the downside for retesting 180.00 low. Break there will resume the fall from […]

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02/12/2023

USD/CAD Weekly Outlook

USD/CAD’s decline from 1.3897 extend to as low as 1.3486 last week and there is no sign of bottoming yet. Initial bias stays on the downside this week for 1.3378 support next, which is close to 61.8% retracement of 1.3091 to 1.3897 at 1.3399. Strong support could be seen there to bring rebound. Meanwhile, on […]
09/09/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3078; (P) 1.3158; (R1) 1.3207; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.3265 is still extending. Outlook will stay bullish as long as 1.3043 resistance turned support holds. On the upside, firm break of 1.3265 will resume larger up trend to 100% projection of 1.2298 to 1.3043 from 1.2664 […]
12/08/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0906; (P) 1.0919; (R1) 1.0929; More….. Outlook in EUR/USD is unchanged and intraday bias stays neutral. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the upside, above 1.0944 minor resistance will bring retest of 1.1007 first. Further break there will resume rally from 1.0665 […]