USD/CAD Daily Outlook

Daily Pivots: (S1) 147.28; (P) 148.34; (R1) 149.08; More… Intraday bias in USD/JPY remains on the downside for 38.2% retracement of 140.25 to 150.87 at 146.81. Sustained break of there will argue that fall from 150.87 is reversing the whole rally from 140.25. In this case, deeper decline would be seen to 61.8% retracement at […]

Daily Pivots: (S1) 1.2719; (P) 1.2769; (R1) 1.2829; More… Intraday bias in GBP/USD stays neutral as range trading continues. Further decline is in favor with 1.2863 resistance intact. On the downside, below 1.2706 will target 1.2612 support first. Decisive break there should confirm that rise from 1.2298 has completed. However, break of 1.2863 will turn […]

Daily Pivots: (S1) 1.2684; (P) 1.2731; (R1) 1.2789; More… Intraday bias in GBP/USD remains on the upside for retesting 1.2859 high. Correction from there should have completed at 1.2612. Firm break of 1.2859 will resume rally from 1.2298. For now, risk will stay on the upside as long as 1.2612 support holds, in case of […]