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Daily Pivots: (S1) 177.37; (P) 177.60; (R1) 178.00; More… EUR/JPY’s break of 177.91 resistance confirms resumption of larger up trend. Intraday bias stays on the upside for 61.8% projection of 161.06 to 173.87 from 172.24 at 180.15 next. On the downside, below 177.28 minor support will turn bias neutral for consolidations. But pullback should be […]

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08/10/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3577; (P) 1.3609; (R1) 1.3653; More… USD/CAD’s rebound from 1.3418 is still in progress and intraday bias stays on the upside. Decisive break of 38.2% retracement of 1.3946 to 1.3418 at 1.3505 will target 61.8% retracement at 1.3559 next. On the downside, below 1.3566 minor support will turn intraday bias neutral first. […]
27/04/2024

GBP/USD Weekly Outlook

GBP/USD rebounded after edging lower to 1.2298 last week. But upside is capped by 1.2538 support turned resistance. Initial bias remains neutral this week first. On the downside, break of 1.2421 will argue that rebound from 1.2298 has completed and bring retest of this low. However, decisive break of 1.2538 will bring stronger rally to […]
09/04/2025

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9282; (P) 0.9392; (R1) 0.9492; More…. EUR/CHF’s fall from 0.9660 continues today and intraday bias stays on the downside. Break of 0.9331 support suggests that rise form 0.9204 has already completed as a three-wave correction. Deeper decline should be seen to retest 0.9204 low next. On the upside, above 0.9408 minor resistance […]