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Daily Pivots: (S1) 188.99; (P) 189.36; (R1) 189.70; More… Intraday bias in GBP/JPY remains neutral as consolidations continue below 190.05. Further rally is expected with 187.83 minor support intact. Break of 190.05 will target 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. However, break of 187.83 will turn bias to the downside for […]

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19/03/2024

USD/CAD Mid-Day Outlook

Daily Pivots: (S1) 1.3519; (P) 1.3536; (R1) 1.3550; More… USD/CAD’s break of 1.3605 resistance suggests that whole rise from 1.3176 is resuming. Intraday bias is back on the upside for 61.8% projection of 1.3176 to 1.3540 from 1.3419 at 1.3644 first. Decisive break there could prompt upside acceleration to 100% projection at 1.3783 next. On […]
04/12/2023

AUD/USD Daily Report

Daily Pivots: (S1) 0.6625; (P) 0.6650; (R1) 0.6701; More… Further rally is expected in AUD/USD as long as 0.6570 support holds. Sustained break of channel resistance (now at 0.6652) will argue that whole decline from 0.7156 has completed with three waves down to 0.6269. Further rally should then be seen to 0.6894 resistance for confirmation. […]
07/08/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8485; (P) 0.8529; (R1) 0.8556; More… USD/CHF’s recovery from 0.8431 extends higher today but upside is still limited well below 0.8711 resistance. Intraday bias remains neutral and further decline remains in favor. On the downside, below 0.8500 will bring retest of 0.8431 first. Break there will resume the decline from 0.9223 to […]