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Daily Pivots: (S1) 189.55; (P) 189.86; (R1) 190.17; More….. GBP/JPY’s rally from 187.94 accelerates higher today and intraday bias stays on the upside. Decisive break of 191.29 will confirm resumption of larger up trend. Next near term target will be 61.8% projection of 178.32 to 191.29 from 187.94 at 195.95, which is close to 195.86 […]

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26/08/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6731; (P) 0.6765; (R1) 0.6830; More… Intraday bias in AUD/USD stays on the upside for the moment, with focus on focus on 0.6798 resistance. Firm break there will extend the rally from 0.6348 to 0.6870 resistance next, with prospecting of resuming whole rise from 0.6269. On the downside, below 0.6696 support turn […]
12/06/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2713; (P) 1.2732; (R1) 1.2759; More… GBP/USD’s strong rally and firm break of 1.2816 support confirms resumption of rise from 1.2298. Intraday bias is back on the upside for 1.2892 resistance. Decisive break there will strengthen the case that correction from 1.3141 has completed, and bring further rally to retest this high. […]
03/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3485; (P) 1.3495; (R1) 1.3505; More… Intraday bias in USD/CAD remains neutral at this point. Some more consolidations would be seen above 1.3439, and stronger recovery cannot be ruled out. But further decline is expected as long as 1.3617 resistance holds. Break of 1.3439 and sustained trading below 61.8% retracement of 1.3091 […]