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Daily Pivots: (S1) 1.2784; (P) 1.2825; (R1) 1.2855; More… GBP/USD’s retreat from 1.2892 extends lower today. But still, further rally will remain in favor as long as 55 4H EMA (now at 1.2746) holds. On the upside, above 1.2892 will resume larger rise from 1.2063 and target 61.8% projection of 1.2036 to 1.2826 from 1.2517 […]

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20/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 145.17; (P) 146.62; (R1) 148.04; More… Intraday bias in USD/JPY remains mildly on the downside at this point. Rebound from 141.67 could have completed at 149.35 after rejection by 38.2% retracement of 161.94 to 141.67 at 149.41. Deeper fall would be seen to retest 141.67 low. Firm break there will resume the […]
14/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3711; (P) 1.3738; (R1) 1.3765; More… Intraday bias in USD/CAD remains neutral and further rise is in favor with 1.3662 support intact. On the upside, above 1.3790 will resume the rebound from 1.3589 to retest 1.3845 high. Firm break there will resume larger rally. Nevertheless, break of 1.3662 will turn bias to […]
25/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2877; (P) 1.2907; (R1) 1.2938; More… Intraday bias in GBP/USD remains neutral first. Further rally is expected with 1.2859 resistance turned support intact. Break of 1.3043 will resume the rise from 1.2298. However, firm break of 1.2859 will turn bias to the downside for deeper decline to 55 D EMA (now at […]