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Daily Pivots: (S1) 1.2397; (P) 1.2435; (R1) 1.2463; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. Consolidation from 1.2402 is extending, but upside of recovery should be limited by 1.2538 support turned resistance to bring another fall. On the downside, firm break of 1.2404 will resume the decline from 1.2892 to 100% […]

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USD/JPY Mid-Day Outlook

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15/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 171.26; (P) 172.35; (R1) 173.23; More… EUR/JPY’s pull back from 175.41 short term top could extend lower. But downside should be contained by 170.87 and bring rebound, to set the range for consolidations. However, firm break of 170.87 will argue that larger correction is already underway and target 167.52 and possibly below. […]
11/05/2024

USD/CAD Weekly Outlook

USD/CAD reversed after rebounding to 1.3761 and the development suggests that correction from 1.3845 is still extending. Initial bias remains neutral this week first. On the upside, break of 1.3761 resistance will argue that correction from 1.3845. Intraday bias will be back to the upside to resume larger rally from 1.3176 through 1.3845. However, sustained […]
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 […]