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Daily Pivots: (S1) 1.2793; (P) 1.2920; (R1) 1.3007; More… Range trading continues in GBP/USD and intraday bias stays neutral. With 1.3047 resistance intact, further decline is still expected. Firm break of 1.2842 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bullish convergence condition in 4H MACD, […]

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10/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 169.14; (P) 169.79; (R1) 170.52; More… Intraday bias in EUR/JPY remains neutral first. On the downside, break of 168.01 support will strengthen the case that rise from 164.31 has completed at 170.78 already. Intraday bias will be back on the downside for 167.31 support, and then 164.01. Nevertheless, break of 170.87 will […]
13/07/2024

USD/CAD Weekly Outlook

USD/CAD edged lower to 1.3588 last week but recovered after hitting 1.3589 support. Initial bias remains neutral this week first. On the downside, firm break of 1.3589 will extend the corrective pattern from 1.3845 and target 100% projection of 1.3845 to 1.3589 from 1.3790 at 1.3534. Strong support would be seen there to bring rebound. […]
31/01/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8515; (P) 0.8542; (R1) 0.8566; More… EUR/GBP failed to break through 0.8563 minor resistance decisively, and intraday bias remains neutral. On the upside, firm break of 0.8563 will suggest short term bottoming, on bullish convergence condition in 4H MACD. Intraday bias will be turned to the upside for stronger rebound to 55 […]