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Daily Pivots: (S1) 1.3591; (P) 1.3647; (R1) 1.3738; More… Intraday bias in USD/CAD remains on the upside for the moment. Firm break of channel resistance would prompt upside acceleration, and extend the rally from 1.3176 to 1.3897 resistance next. For now, further rally will remain in favor as long as 1.3554 support holds, in case […]

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USD/JPY Daily Outlook

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01/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2608; (P) 1.2626; (R1) 1.2643; More… GBP/USD’s fall from 1.2892 resumed by breaking 1.2574 support. Intraday bias is back on the downside for 1.2517 structural support first. Decisive break there will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish. For now, risk will stay […]
16/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9001; (P) 0.9036; (R1) 0.9057; More…. Intraday bias in USD/CHF is turned neutral again first with current recovery. But further decline is expected as long as 0.9101 resistance holds. Break of 0.8987 will resume the whole fall from 0.9223 and target 38.2% retracement of 0.8332 to 0.9223 at 0.8883 next. However, break […]
09/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8575; (P) 0.8580; (R1) 0.8587; More… Range trading continues in EUR/GBP and intraday bias stays neutral. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 has completed at 0.8601. Intraday bias will be back on the downside for retesting 0.8497 low next. On the upside, […]