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Daily Pivots: (S1) 1.4325; (P) 1.4367; (R1) 1.4392; More… Intraday bias in USD/CAD stays neutral as range trading continues. Break of 1.4279 support will bring deeper correction. But downside should be contained by 55 D EMA (now at 1.4172) to bring rebound. On the upside, break of 1.4466 will resume larger up trend to 1.4667/89 […]

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USD/JPY Daily Outlook

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EUR/USD Daily Outlook

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12/03/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 146.57; (P) 146.87; (R1) 147.25; More… Intraday bias in USD/JPY remains neutral at this point. On the downside, sustained break of 38.2% retracement of 140.25 to 150.87 at 146.81 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% […]
15/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 196.12; (P) 196.59; (R1) 197.45; More… Intraday bias in GBP/JPY stays on the upside at this point. Rebound from 191.34 is seen as the second leg of the corrective pattern from 200.53. Break of 197.40 will target 200.53 high. But upside should be limited there. On the downside, break of 194.74 minor […]
09/03/2024

EUR/CHF Weekly Outlook

EUR/CHF edged higher to 0.9630 last week but turned sideway since then. Initial bias remains neutral this week first. As long as 0.9510 support holds, further rally is still expected. On the upside, break of 0.9630 will resume the rise from 0.9252 and target 161.8% projection of 0.9252 to 0.9471 from 0.9304 at 0.9658 next. […]