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Daily Pivots: (S1) 150.66; (P) 150.93; (R1) 151.36; More… USD/JPY’s rally from 139.57 accelerates higher today, and intraday bias stays on the upside for 61.8% retracement of 161.94 to 139.57 at 153.39. Decisive break there will pave the way to retest 161.94 high. On the downside, below 150.60 minor support will turn intraday bias neutral […]

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GBP/JPY Daily Outlook

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07/12/2023

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9405; (P) 0.9427; (R1) 0.9437; More… Intraday bias in EUR/CHF stays on the downside with focus on 0.9407 low. Decisive break there will confirm resumption of larger down trend. On the upside, above 0.9467 minor resistance will delay the bearish case and turn intraday bias neutral for consolidation first. In the bigger […]
02/12/2023

USD/CAD Weekly Outlook

USD/CAD’s decline from 1.3897 extend to as low as 1.3486 last week and there is no sign of bottoming yet. Initial bias stays on the downside this week for 1.3378 support next, which is close to 61.8% retracement of 1.3091 to 1.3897 at 1.3399. Strong support could be seen there to bring rebound. Meanwhile, on […]
23/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2912; (P) 1.2927; (R1) 1.2949; More… GBP/USD is extending consolidation from 1.3043 and intraday bias remains neutral. Downside should be contained by 1.2859 resistance turned support to bring another rally. Break of 1.3043 will resume the rise from 1.2298 and target 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which […]