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Daily Pivots: (S1) 1.3551; (P) 1.3585; (R1) 1.3625; More… Intraday bias in USD/CAD remains neutral at this point as range trading continues. On the upside, firm break of 1.3265 minor resistance will confirm short term bottoming at 1.3479. More importantly, whole correction from 1.3897 could have completed too. Intraday bias will be back on the […]

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GBP/JPY Daily Outlook

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03/06/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 199.60; (P) 200.06; (R1) 200.88; More…. Intraday bias in GBP/JPY remains neutral for the moment. Further rally is expected as long as 198.73 support holds. Firm break of 200.72 will confirm larger up trend resumption. Next target is 61.8% projection of 195.02 to 200.72 from 198.73 at 202.25. In the bigger picture, […]
07/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8500; (P) 0.8512; (R1) 0.8526; More…. Sideway trading continues in EUR/GBP and intraday bias stays neutral. Further decline is expected as long as 55 D EMA (now at 0.8546) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next. However, sustained break of 55 D EMA will […]
12/01/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6337; (P) 1.6398; (R1) 1.6470; More… EUR/AUD is trying to resume the rebound from 1.6127 by breaking 1.6398. Intraday bias is mildly on the upside for 1.6478 resistance. Firm break there will argue that whole correction from 1.7062 has completed, and target 1.6844 resistance for confirmation. Nevertheless, break of 1.6278 minor support […]