Daily Pivots: (S1) 151.66; (P) 153.06; (R1) 154.00; More… USD/JPY’s fall from 158.86 is in progress and intraday bias stays on the downside for 38.2% retracement of 139.57 to 158.86 at 151.49. Strong support could be seen from there to complete the corrective fall from 158.86. Break of 153.70 minor resistance will turn intraday bias […]
Jan 19, 2025
USD/CAD Weekly Outlook
USD/CAD’s late break of 1.4466 resistance confirms larger up trend resumption. Initial bias is back on the upside this week for 1.4667/89 long term resistance zone. For now, outlook will stay bullish as long as 1.4302 support holds, in case of retreat. In the bigger picture, up trend from 1.2005 (2021) is in progress for […]
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