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GBP/JPY’s rebound from 184.35 extended higher last week but retreated after hitting 193.72. Initial bias is turned neutral this week first. Further rise is expected as long as 189.97 support holds. Above 193.72 will target 195.95 resistance next. In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 […]

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07/03/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 189.82; (P) 190.26; (R1) 190.67; More….. Intraday bias in GBP/JPY is back on the downside with break of 189.02 support. Price actions from 191.29 are seen as a correction to rise from 178.32 for now. Deeper fall would be seen to 38.2% retracement of 178.32 to 191.29 at 186.33. Sustained break there […]
25/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3389; (P) 1.3473; (R1) 1.3515; More… USD/CAD’s break of 1.3439 support confirms resumption of whole fall from 1.3946. Intraday bias remains on the downside for 61.8% projection of 1.3946 to 1.3439 from 1.3646 at 1.3333. On the upside, above 1.3486 minor resistance will turn intraday bias neutral for consolidations. But outlook will […]
12/10/2024

EUR/CHF Weekly Outlook

EUR/CHF stayed in the near term converging range last week and outlook is unchanged. Initial bias remains neutral first. On the downside, break of 0.9332 will resume the fall from 0.9579 towards 0.9209 low. On the upside, break of 0.9506 will turn intraday bias to the upside for 0.9579 resistance and above. In the bigger […]