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Daily Pivots: (S1) 1.2598; (P) 1.2640; (R1) 1.2667; More… Range trading continues in GBP/USD and intraday bias remains neutral. On the upside, break of 1.2708 resistance will indicate that correction from 1.2826 has completed. Intraday bias will be back on the upside for retesting 1.2826. Nevertheless, decisive break of 1.2499 will argue that whole rise […]

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EUR/USD Mid-Day Outlook

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08/12/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 141.43; (P) 144.38; (R1) 147.10; More… Intraday bias in USD/JPY is turned neutral wit h break of 144.53 minor resistance and some consolidations would be seen. But recovery should be limited below 147.14 support turned resistance to bring another fall. On the downside, break of 141.59 and sustained trading below 142.45 fibonacci […]
16/03/2024

GBP/USD Weekly Outlook

GBP/USD’s decline last week indicates short term topping at 1.2892. Initial bias remains mildly on the downside this week for 55 D EMA (now at 1.2673). Firm break there will bring deeper fall to 1.2517 structural support. For now, risk will stay mildly on the downside as long as 1.2822 minor resistance holds, in case […]
11/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3570; (P) 1.3593; (R1) 1.3633; More… USD/CAD’s recovery is still limited by 1.3617 resistance and intraday bias remains neutral. Further decline will remain in favor as long as 1.3617 resistance holds. On the downside, below 1.3545 minor support will bring retest of 1.3439 low first. However, firm break of 1.3617 will turn […]