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GBP/JPY’s rose further to 198.93 last week as corrective pattern from 180.00 extended with another rising leg. As a temporary top was formed, initial bias is neutral this week first. Further rally will remain in favor as long as 194.04 support holds. Break of 199.79 will target channel resistance (now at 203.09). In the bigger […]

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12/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3740; (P) 1.3766; (R1) 1.3784; More… Intraday bias in USD/CAD is turned neutral with current retreat. Further rise is expected as long as 55 4H EMA (now at 1.3711) holds. Correction from 1.3845 might have completed at 1.3589 already. Above 1.3790 will bring retest of 1.3845 high. However, sustained break of 55 […]
06/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2565; (P) 1.2608; (R1) 1.2640; More… GBP/USD’s breach of 1.2590 minor support suggests short term topping at 1.2731, on bearish divergence condition in 4H MACD. Intraday bias is mildly on the downside for deeper pull back to 55 D EMA (now at 1.2427). For now, risk will stay on the downside as […]
03/12/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9289; (P) 0.9307; (R1) 0.9324; More…. No change in EUR/CHF’s outlook and intraday bias stays neutral for the moment. Further decline is in favor with 0.9343 resistance intact. On the downside, below 0.9269 minor support will bring retest of 0.9204/9 support zone. Decisive break there will confirm larger down trend resumption. Nevertheless, […]