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Daily Pivots: (S1) 1.2666; (P) 1.2712; (R1) 1.2748; More… Intraday bias in GBP/USD remains neutral at this point. Consolidation from 1.2826 could extend further and another fall cannot be ruled out. But downside should be contained above 1.2499 support to bring rebound. On the upside, firm break of 1.2784 resistance will suggest that consolidation pattern […]

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USD/JPY Daily Outlook

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27/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 180.56; (P) 180.93; (R1) 181.54; More… Range trading continues in GBP/JPY and intraday bias remains neutral for the moment. Further decline is expected as long as 184.15 resistance holds. On the downside, break of will resume the decline from 188.63 and target 38.2% retracement of 148.93 to 188.63 at 173.46. However, decisive […]
17/04/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3787; (P) 1.3816; (R1) 1.3859; More… Intraday bias in USD/CAD remains on the upside for the moment. Decisive break of 100% projection of 1.3176 to 1.3540 from 1.3477 at 1.3841 will pave the way to 138.2% projection at 1.3980. On the downside, below 1.3773 minor support will turn intraday bias neutral and […]
09/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9784; (P) 0.9810; (R1) 0.9858; More… Range trading continues in EUR/CHF and intraday bias stays neutral. Near term outlook will stay bullish as long as 0.9709 support holds. However, considering bearish divergence condition in 4H MACD, break of 0.9709 will confirm short term topping, and turn bias back to the downside for […]