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Daily Pivots: (S1) 1.2624; (P) 1.2644; (R1) 1.2675; More… Intraday bias in GBP/USD remains neutral for the moment and outlook is unchanged. On the downside, decisive break of 1.2517/38 support zone will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish. On the upside, however, firm break of […]

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GBP/JPY Daily Outlook

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18/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2638; (P) 1.2715; (R1) 1.2760; More… GBP/USD is staying in consolidation below 1.2793 and intraday bias remains neutral at this point. While deeper retreat cannot be ruled out, outlook will stay cautiously bullish as long as 1.2499 support holds. On the upside, firm break of 1.2793 will resume the rally from 1.2036. […]
03/02/2024

EUR/JPY Weekly Outlook

While EUR/JPY’s correction from 161.84 extended to 158.06, it drew some support from 158.55 and near term rising channel and rebounded. Initial bias remains neutral this week first. On the upside, firm break of 160.25 will indicate that rise from 153.15 is ready to resume, and turn bias back to the upside for 161.84 first. […]
24/01/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3447; (P) 1.3469; (R1) 1.3485; More… Intraday bias in USD/CAD remains neutral for moment. Consolidation from 1.3540 could extend further. But further rally is expected as long as 1.3342 minor support holds. Fall from 1.3897 should have completed at 1.3716. Break of 1.3540w ill target 1.3617 cluster resistance (61.8% retracement of 1.3897 […]