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Daily Pivots: (S1) 1.3491; (P) 1.3526; (R1) 1.3573; More… Intraday bias in USD/CAD remains neutral for the moment. Below 1.3479 will resume the corrective fall from 1.3897. But downside should be seen from 1.3378 support, which is close to 61.8% retracement of 1.3091 to 1.3897 at 1.3399, to bring rebound. On the upside, break of […]

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USD/JPY Daily Outlook

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GBP/JPY Daily Outlook

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05/08/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2729; (P) 1.2784; (R1) 1.2861; More… Intraday bias in GBP/USD remains neutral first and 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 bias back […]
22/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0840; (P) 1.0857; (R1) 1.0872; More… Intraday bias in EUR/USD stays neutral and consolidations continue below 1.0894. Further rally is expected as long as 1.0810 resistance turned support holds. Break of 1.0894 will resume the rise to 1.0980 resistance. Decisive break there will confirm that whole fall from 1.1138 has completed at […]
04/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 151.44; (P) 151.70; (R1) 151.96; More… No change in USD/JPY’s outlook as range trading continues. Intraday bias remains neutral. On the downside, break of 151.02 support should confirm short term topping, and turn bias back to the downside for 55 D EMA (now at 149.51). Nevertheless, sustained break of 151.93 key resistance […]