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Daily Pivots: (S1) 0.8851; (P) 0.8890; (R1) 0.8962; More… Intraday bias in USD/CHF remains on the upside for the moment. Firm break of 0.8965 resistance will resume the whole rally from 0.8374. Next target is 61.8% projection of 0.8374 to 0.8956 from 0.8735 at 0.9095. On the downside, below 0.8866 minor support will turn intraday […]

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USD/JPY Mid-Day Outlook

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GBP/JPY Weekly Outlook

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06/04/2024

GBP/JPY Weekly Outlook

GBP/JPY rebounded after initial dip to 190.02 but failed to break through 193.51 resistance. Initial bias remains neutral this week for more consolidations. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. On the downside, though, break of 190.02 will turn bias to the downside for 187.94 support […]
17/01/2025

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.4336; (P) 1.4370; (R1) 1.4427; More… USD/CAD is still bounded in consolidation below 1.4466 and intraday bias remains neutral. Break of 1.4279 support will bring deeper correction. But downside should be contained by 55 D EMA (now at 1.4187) to bring rebound. On the upside, break of 1.4466 will resume larger up […]
20/03/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0842; (P) 1.0859; (R1) 1.0884; More… Intraday bias in EUR/USD remains neutral for consolidation above 1.0834 temporary low. Further decline is in favor as long as 1.0905 resistance holds. On the downside, sustained trading below 55 D EMA (now at 1.0856) will argue that rebound from 1.0694 has completed and bring retest […]