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Daily Pivots: (S1) 1.2481; (P) 1.2516; (R1) 1.2564; More… Intraday bias in GBP/USD remains neutral as range trading continues. On the upside, above 1.2568 will resume the rebound from 1.2298 to 55 D EMA (now at 1.2578). Sustained break there will argue that fall from 1.2892 has completed already, and bring further rise to this […]

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31/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3650; (P) 1.3692; (R1) 1.3725; More… Range trading continues in USD/CAD and intraday bias stays neutral at this point. On the upside, break of 1.3742 resistance will revive the case that correction from 1.3845 has completed at 1.3589. Intraday bias will be back on the upside for retesting 1.3845. On the downside, […]

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9750; (P) 0.9817; (R1) 0.9853; More…. Intraday bias in EUR/CHF remains on the downside at this point. Firm break of 0.9728 support will carry larger bearish implications and target 38.2% retracement of 0.9252 to 0.9928 at 0.9670. On the upside, above 0.9816 minor resistance will turn intraday bias neutral first. But risk […]
07/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 143.21; (P) 144.79; (R1) 145.95; More… While USD/JPY’s recovery extends higher today, upside is still limited below 150.88 resistance. Intraday bias remains neutral and further decline remains in favor. On the downside, below 144.04 minor support will bring retest of 141.67 first. Break there will resume the fall from 161.94 to 140.25 […]