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Daily Pivots: (S1) 0.8370; (P) 0.8395; (R1) 0.8410; More… Range trading continues in EUR/GBP and intraday bias remains neutral. Further rally is expected as long as 0.8358 minor support holds. On the upside, break of 0.8448 will target 0.8472 resistance first. Firm break there will resume whole rebound from 0.8221 to medium term falling channel […]

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02/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3470; (P) 1.3490; (R1) 1.3514; More… Intraday bias in USD/CAD remains neutral for consolidations above 1.3439. Further decline is expected as long as 1.3617 resistance holds. Break of 1.3439 and sustained trading below 61.8% retracement of 1.3091 to 1.3946 at 1.3418 will pave the way to 1.3091/3176 support zone next. In the […]
07/06/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 155.01; (P) 155.75; (R1) 156.86; More…. Intraday bias in USD/JPY stays neutral for the moment and outlook is unchanged. Risk will stay on the downside as long as 157.70 resistance holds. Fall from there is seen as the third leg of the corrective pattern from 160.20. On the downside, break of 154.53 […]
02/05/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2481; (P) 1.2516; (R1) 1.2564; More… Intraday bias in GBP/USD remains neutral as range trading continues. On the upside, above 1.2568 will resume the rebound from 1.2298 to 55 D EMA (now at 1.2578). Sustained break there will argue that fall from 1.2892 has completed already, and bring further rise to this […]