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Daily Pivots: (S1) 192.96; (P) 193.50; (R1) 194.29; More… Break of 194.18 minor resistance suggests that GBP/JPY’s pullback from 196.38 has completed at 191.867. Intraday bias is back on the upside for 196.38 resistance next. For now, risk will stay on the upside as long as 191.86 support holds. In the bigger picture, price actions […]

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21/03/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3448; (P) 1.3527; (R1) 1.3572; More… USD/CAD reversed after edging higher to 1.3612, but stays above 1.3419 support. Intraday bias remains neutral first. On the downside, firm break of 1.3419 support will argue that rebound from 1.3176 has completed. Near term outlook will be turned bearish for 1.3357 support first. On the […]
13/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 182.14; (P) 182.87; (R1) 183.45; More… Intraday bias in GBP/JPY stays neutral for the moment. 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 as 184.44 […]
03/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2552; (P) 1.2565; (R1) 1.2592; More… Intraday bias in GBP/USD is turned neutral with current recovery and some consolidations could be seen first. But risk will stay on the downside as long as 1.2667 resistance holds, in case of recovery. Below 1.2538 will target 1.2517 structural support. Decisive break there will suggest […]