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Daily Pivots: (S1) 1.3868; (P) 1.3898; (R1) 1.3939; More… Range trading continues in USD/CAD below 1.3958 and intraday bias remains neutral. Further rally is expected as long as 1.3822 support holds. On the upside, decisive break of 1.3976 key resistance will confirm larger up trend resumption. On the downside break of 1.3822 support will bring […]

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02/02/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 185.67; (P) 186.17; (R1) 187.09; More… GBP/JPY rebounded after brief dip to 185.21 and intraday bias is turned neutral first. On the downside, below 185.21 will extend the correction from 188.90 to 55 D EMA (now at 184.99) and below. On the upside, break of 187.60 minor resistance will argue that the […]
23/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.74; (P) 148.28; (R1) 148.71; More… USD/JPY is extending the consolidation from 148.79 temporary top and intraday bias remains neutral. While deeper retreat cannot be ruled out, further rally is expected as long as 145.97 resistance turned support holds. Corrective fall from 151.89 should have completed at 140.25 already. Break of 148.79 […]
29/11/2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2597; (P) 1.2621; (R1) 1.2650; More… Intraday bias in GBP/USD stays on the upside for the moment. Current rise from 1.2036 should target 61.8% retracement of 1.3141 to 1.2036 at 1.2716. Upside could be capped there on first attempt, on loss of momentum as seen in 4H MACD. On the downside, below […]