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Daily Pivots: (S1) 1.3805; (P) 1.3838; (R1) 1.3868; More… Intraday bias in USD/CAD remains neutral for the moment. On the upside, break of 1.3903 minor resistance will extend the rebound from 1.3780. But upside should be limited by 1.4150 support turned resistance (38.2% retracement of 1.4791 to 1.3780 at 1.4166). On the downside, firm break […]

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USD/JPY Mid-Day Outlook

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15/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8385; (P) 0.8404; (R1) 0.8415; More…. Intraday bias in EUR/GBP stays on the downside at this point. Larger down trend is resuming and should target 61.8% projection of 0.8619 to 0.8396 from 0.8498 at 0.8360. Firm break there could prompt downside acceleration to 100% projection at 0.8275. On the upside, above 0.8421 […]
12/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 182.01; (P) 183.17; (R1) 184.68; More… Intraday bias in GBP/JPY is turned neutral first with current retreat. On the downside, break of 181.66 minor support will suggest that rebound from 178.58 has completed. Intraday bias will be back to the downside for retesting 178.58 low. Overall outlook will stay bearish as long […]
31/10/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8646; (P) 0.8672; (R1) 0.8700; More… USD/CHF is staying in consolidation below 0.8699 temporary top and intraday bias remains neutral. Further rally remains in favor as long as 55 D EMA (now at 0.8609) holds. On the upside, decisive break of 38.2% retracement of 0.9223 to 0.8374 at 0.8698 will argue that […]