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Daily Pivots: (S1) 1.2968; (P) 1.3006; (R1) 1.3048; More… Further rally is expected in GBP/USD with 1.2937 minor support intact, despite some loss off upside momentum. Current t rise from 1.2298 should target 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which is slightly above 1.3141 key medium term resistance. On the downside, […]

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09/09/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 156.92; (P) 158.30; (R1) 159.14; More…. Intraday bias in EUR/JPY remains at this point. Fall from 163.86 is in progress for retesting 154.40 low. Firm break there will resume whole decline from 175.41 to 153.15 support. On the upside, above 160.01 support turned resistance will turn intraday bias neutral first. In the […]
12/07/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8919; (P) 0.8961; (R1) 0.9007; More… Further decline is expected in USD/CHF with 0.9000 resistance intact. Deeper decline would be seen to 0.88825 support. Fall from 0.9223 should be in progress with near term channel intact. Break of 0.8825 will target 50% retracement of 0.8332 to 0.9223 at 0.8778 next. However, break […]
29/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3623; (P) 1.3638; (R1) 1.3662; More… Intraday bias in USD/CAD is turned neutral again with current recovery. On the downside, firm break of 1.3589 support will argue that whole rise from 1.3176 has completed at 1.3845 already. Fall from 1.3845 should then resume to 61.8% retracement of 1.3176 to 1.3845 at 1.3432. […]