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Daily Pivots: (S1) 153.58; (P) 154.15; (R1) 154.75; More… USD/JPY’s break of 153.27 minor support suggests that correction from 156.74 is extending lower. Intraday bias is back on the downside for 38.2% retracement of 139.57 to 156.74 at 150.18. For now, risk will stay on the downside as long as 156.74 resistance holds, in case […]

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GBP/JPY Daily Outlook

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09/10/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3074; (P) 1.3094; (R1) 1.3124; More… Intraday bias in GBP/USD is turned neutral with loss of downside momentum as seen in 4H MACD. While corrective fall from 1.3433 might extend lower, strong support should be seen from 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) to contained downside. Above […]
08/03/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3433; (P) 1.3480; (R1) 1.3505; More… Immediate focus is now on 1.3439 in USD/CAD with current decline. Decisive break there will argue that rebound from 1.3176 has completed as a corrective move to 1.3605. Near term outlook will be turned bearish for 1.3357 support first. On the upside, though, break of 1.3524 […]
11/11/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 152.07; (P) 152.72; (R1) 153.30; More… Range trading continues in USD/JPY and intraday bias stays neutral for the moment. Further rise is expected as long as 151.27 support holds. Above 154.70 will resume the rally from 139.57 towards 161.94 high. However, considering bearish divergence condition in 4H MACD, break of 151.27 will […]