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Daily Pivots: (S1) 190.36; (P) 190.76; (R1) 191.11; More… Intraday bias in GBP/JPY is turned neutral with current retreat, and some consolidations would be seen first. Downside should be contained by 188.90 resistance turned support to bring another rally. On the upside, firm break of 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50 […]

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16/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3616; (P) 1.3630; (R1) 1.3649; More… Intraday bias in USD/CAD remains on the upside for 1.3790 resistance. Corrective pattern from 1.3845 might have completed with three waves to 1.3588, after hitting 38.2% retracement of 1.3716 to 1.3845 at 1.3589 twice. Break of 1.3790 will argue that larger rise from 1.3716 is ready […]
25/04/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6408; (P) 1.6467; (R1) 1.6525; More… Intraday bias in EUR/AUD remains neutral at this point. On the downside, firm break of 1.6368 support will revive that case that rebound from 1.6127 has completed at 1.6742. Fall from there is seen as the third leg of the pattern from 1.7062. Deeper decline would […]
21/02/2024

GBP/JPY Daily Outlook

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 […]