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Daily Pivots: (S1) 1.3314; (P) 1.3333; (R1) 1.3356; More… GBP/USD dips notably today and focus is now on 1.3247 support. Firm break there will resume whole decline from 1.3725 and target 1.3140 cluster (38.2% retracement of 1.2099 to 1.3787 at 1.3142). Strong support is expected there to contain downside to complete the corrective pattern from […]

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USD/JPY Mid-Day Outlook

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15/04/2025

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.85; (P) 162.57; (R1) 163.06; More… Intraday bias in EUR/JPY remains neutral as range trading continues. On the upside, above 164.16 will resume the rally from 154.77 to 164.89 resistance, and then 166.67. However, decisive break of 158.27 support will bring deeper decline back to 154.77 support. Overall, sideway consolidation pattern from […]
02/01/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3196; (P) 1.3230; (R1) 1.3283; More… Intraday bias in USD/CAD stays neutral at this point and some more consolidations could be seen. On the downside, break of 1.3176 will resume the fall from 1.3897 to 1.3091 support and possibly below. Nevertheless, considering bullish convergence condition in 4H MACD, break of 1.3284 will […]
31/01/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 147.16; (P) 147.54; (R1) 147.99; More… Intraday bias in USD/JPY stays neutral at this point as consolidation from 148.79 is still extending. With 145.97 resistance turned support intact, further rally is in favor. As noted before, corrective fall from 151.89 should have completed at 140.25 already. Break of 148.79 will resume the […]