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GBP/JPY’s late decline and break of 55 D EMA (now at 195.24) argue that corrective rise from 180.00 has completed with three waves up to 199.79, after hitting rising channel resistance. Initial bias is back on the downside this week. Firm break of 193.45 resistance turned support will bring deeper fall to 183.70 next. For […]

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22/08/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8487; (P) 0.8525; (R1) 0.8554; More….. Intraday bias in USD/CHF stays on the downside for the moment. Fall from 0.8747 is in progress for retesting 0.8431. Firm break there will resume whole decline from 0.9223 towards 0.8332 low. On the upside, above 0.8560 minor resistance will turn intraday bias neutral first. But […]
04/09/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3084; (P) 1.3119; (R1) 1.3150; More… Outlook in GBP/USD remains unchanged as consolidation from 1.3265 is still extending. Intraday bias remains neutral for the moment. While deeper retreat cannot be ruled out, downside should be contained well above 1.3043 resistance turned support to bring rebound. On the upside, above 1.3265 will resume […]
02/02/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3349; (P) 1.3406; (R1) 1.3445; More… Intraday bias in USD/CAD remains neutral for the moment. On the downside, firm break of 1.3342 support will argue that rebound from 1.3176 has completed at 1.3540, and target this low for resuming whole fall from 1.3897. On the upside, however, break of 1.3540 will resume […]