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Daily Pivots: (S1) 149.20; (P) 149.59; (R1) 150.15; More… Intraday bias in USD/JPY stays on the upside as rise from 139.57 is in progress. This rally is seen as the second leg of the corrective pattern from 161.94, and should target 61.8% retracement of 161.94 to 139.57 at 153.39 next. On the downside, below 148.25 […]

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GBP/JPY Daily Outlook

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21/07/2024

EUR/GBP Weekly Outlook

EUR/GBP recovered after edging lower to 0.8382 last week. With break of 55 4H EMA (now at 0.8421), initial bias is mildly on the upside for stronger rebound to 55 D EMA (now at 0.8477). Nevertheless, outlook will stay bearish as long as 0.8498 resistance holds, and larger down trend should resume through 0.8382 at […]
02/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3700; (P) 1.3742; (R1) 1.3779; More… Intraday bias in USD/CAD is turned neutral again with current retreat. On the upside above 1.3782 will target 1.3845 resistance first. Firm break there will resume larger rise from 1.3176 towards 1.3976 key resistance next. On the downside, break of 1.3631 will extend the fall from […]
11/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2500; (P) 1.2551; (R1) 1.2600; More… Intraday bias in GBP/USD remains mildly on the downside at this point. Fall from 1.2731 short term top is in progress for 55 D EMA (now at 1.2445). Sustained break there will bring retest of 1.2036 low. On the upside, above 1.2611 minor resistance will turn […]