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Daily Pivots: (S1) 0.6497; (P) 0.6515; (R1) 0.6540; More… Intraday bias in AUD/USD remains neutral. More consolidations could be seen below 0.6538, but even in case of another dip, further rise is in favor as long as 0.6406 support holds. On the upside, decisive break of 0.6536 will resume the rally from 0.5913 to 61.8% […]

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GBP/JPY Daily Outlook

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06/11/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 197.18; (P) 197.53; (R1) 198.07; More… GBP/JPY is extending consolidation from 199.79 and intraday bias stays neutral. Further rally is expected as long as 55 D EMA (now at 194.61) holds. Above 199.79 will resume the rebound from 180.00 to retest 208.09 high. However, sustained break of 55 D EMA will argue […]
24/08/2024

USD/CAD Weekly Outlook

USD/CAD’s steep decline and strong break of 1.3588 support argues that while rise from 1.3176 has completed already. Fall from 1.3946 is seen as another falling leg inside medium term range pattern. Initial bias stays on the downside this week for 1.3477 support. Firm break there will target 1.3091/3176 support zone. On the upside, above […]
25/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2647; (P) 1.2672; (R1) 1.2712; More… Intraday bias in GBP/USD remains neutral for the moment. Further decline is expected as long as 1.2739 resistance holds. Break of 1.2622, and sustained trading below 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and below. However, firm […]