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Daily Pivots: (S1) 1.3624; (P) 1.3636; (R1) 1.3647; More… Outlook in USD/CAD remains unchanged and intraday bias stays neutral first. Corrective pattern from 1.3845 could still extend. Break of 1.3589 will target 100% projection of 1.3845 to 1.3589 from 1.3790 at 1.3534. Strong support would be seen there to bring rebound. On the upside, above […]

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25/03/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2558; (P) 1.2617; (R1) 1.2658; More… Intraday bias in GBP/USD is turned neutral with current recovery and some consolidations would be seen first. But risk will stay on the downside as long as 55 4H EMA (now at 1.2700) holds. Below 1.2574 will resume the fall from 1.2892 to 1.2517 structural support […]
25/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2368; (P) 1.2414; (R1) 1.2495; More… Near term outlook in GBP/USD remains bearish as long as 1.2538 support turned resistance. holds. Break of 1.2421 minor support will argue that rebound from 1.2298 has completed and bring retest of this low. However, decisive break of 1.2538 will bring stronger rally to 55 D […]
23/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 154.57; (P) 154.71; (R1) 154.98; More… Intraday bias in USD/JPY remains mildly on the upside as up trend is extending. However, considering bearish divergence condition in 4H MACD, strong resistance should be seen from 155.20 fibonacci level to bring correction on first attempt. On the downside, break of 153.58 support will turn […]