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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 […]

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06/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3775; (P) 1.3861; (R1) 1.3913; More… Intraday bias in USD/CAD turned neutral with the current retreat. But further rise is expected as long as 1.3786 support holds. Break of 1.3946 will target 61.8% projection of 1.3176 to 1.3845 from 1.3588 at 1.4025 next. Nevertheless, firm break of 1.3786 will turn bias back […]
19/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 169.04; (P) 169.47; (R1) 169.98; More… Intraday bias in EUR/JPY stays neutral first. On the upside break of 170.12 resistance will argue that pull back from 170.87 has completed at167.52, after drawing support from 55 D EMA. Intraday bias will be back on the upside for 170.87 and then 171.58 high. In […]
22/06/2024

GBP/USD Weekly Outlook

GBP/USD’s fall from 1.2859 short term top continued last week despite interim recovery. Initial bias is now on the downside this week. Sustained break of 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and below. For now, risk will stay on the downside as long as 1.2739 […]