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Daily Pivots: (S1) 1.2471; (P) 1.2499; (R1) 1.2552; More… Intraday bias in GBP/USD stays neutral for the moment. Strong bounce from current level will retain near term bullishness. Further break of 1.2633 will resume the rebound from 1.2298 to 1.2708 resistance next. However, firm break of firm break of 1.2445 will indicate that this rebound […]

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USD/JPY Mid-Day Outlook

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GBP/JPY Weekly Outlook

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13/01/2024

USD/CAD Weekly Outlook

USD/CAD’s rebound from 1.3176 short term bottom extended higher last week but lost momentum ahead of 38.2% retracement of 1.3897 to 1.3176 at 1.3451. Initial bias is turned neutral this week first. Further rise is mildly in favor as long as 1.3339 minor support holds. Decisive break of 1.3451 will pave the way to 61.8% […]
13/12/2023

AUD/USD Daily Report

Daily Pivots: (S1) 0.6529; (P) 0.6571; (R1) 0.6601; More… Range trading continues in AUD/USD and intraday bias remains neutral for the moment. Risk stays mildly on the downside at this point. Break of 0.6524 will affirm the case of rejection by channel resistance, and resume the fall from 0.6689 short term top to 55 D […]
05/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 145.40; (P) 147.59; (R1) 148.76; More… USD/JPY’s decline accelerates further to as low as 142.17 so far today There is no sign of bottoming yet. Intraday bias stays on the downside for 140.25 support next. On the upside, above 146.40 minor resistance will turn intraday bias neutral and bring consolidations first, before […]