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Daily Pivots: (S1) 1.2716; (P) 1.2758; (R1) 1.2837; More… GBP/USD’s rally from 1.2099 continues today and breaks through 1.2810 resistance. Next target is 61.8% retracement of 1.3433 to 1.2099 at 1.2923. Sustained break there will bring retest of 1.3433 high. For now, further rise is expected as long as 1.2558 support holds, in case of […]

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EUR/USD Daily Outlook

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04/10/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3508; (P) 1.3534; (R1) 1.3581; More… Intraday bias in USD/CAD is back on the upside as rebound from 1.3418 resumed by breaking through 1.3538. Further rally would be seen to 1.3646 resistance. Decisive break there will indicate that whole fall from 1.3946 has completed, and turn near term outlook bullish. However, break […]
12/12/2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0744; (P) 1.0762; (R1) 1.0781; More… Intraday bias in EUR/USD is turned neutral with a temporary low formed at 1.0722. Further decline is expected with 1.0816 minor resistance intact. Break of 1.0722, and sustained trading below 55 D EMA (now at 1.0770) will extend the fall from 1.1016 short term top to […]
16/11/2024

USD/JPY Weekly Outlook

USD/JPY’s rise from 139.57 continued last week and hit as high as 156.74 before retreating. Initial bias stays neutral this week first and some consolidations could be seen. But further rally is expected as long as 151.27 support holds. Above 156.74 will target 61.8% projection of 141.63 to 153.87 from 151.27 at 158.83. In the […]