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Daily Pivots: (S1) 1.1181; (P) 1.1259; (R1) 1.1305; More… Intraday bias in EUR/USD remains mildly on the downside for the moment. Corrective fall from 1.1572 is still in progress to 38.2% retracement of 1.0176 to 1.1572 at 1.1039. But strong support should be seen there to bring rebound. On the upside, break of 1.1380 will […]

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USD/JPY Mid-Day Outlook

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08/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 178.41; (P) 181.75; (R1) 184.88; More… GBP/JPY’s fall from 188.63 extended to as low as 178.58, and breached 23.6% retracement of 148.93 to 188.63 at 179.26 briefly. There is no sign of bottoming yet and intraday bias stays on the downside. Sustained trading below 179.26 will pave the way to 38.2% retracement […]
06/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8492; (P) 0.8507; (R1) 0.8515; More…. Intraday bias in EUR/GBP remains neutral and outlook is unchanged. Further decline is expected as long as 55 D EMA (now at 0.8547) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next. However, sustained break of 55 D EMA will […]
17/01/2025

USD/CAD Mid-Day Outlook

Daily Pivots: (S1) 1.4336; (P) 1.4370; (R1) 1.4427; More… Immediate focus is now on 1.4466 resistance with current strong rally ins USD/CAD. Decisive break there will resume larger up trend to 1.4667/89 long term resistance zone. On the downside, break of 1.4279 support will bring deeper correction. But downside should be contained by 55 D […]