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Daily Pivots: (S1) 142.83; (P) 143.64; (R1) 145.17; More… Intraday bias in USD/JPY stays mildly on the upside at this point. Fall from 148.64 might have completed as a correction at 142.10. Sustained break of 55 D EMA (now at 145.83) will affirm this case and target 148.64 resistance and above. Nevertheless, break of 142.10 […]

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USD/CAD Daily Outlook

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03/05/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2490; (P) 1.2517; (R1) 1.2563; More… GBP/USD’s rebound from 1.2298 resumed by breaking through 1.2568 resistance and intraday bias is back on the upside. Strong break of 55 D EMA suggest that fall from 1.2892 has completed with three waves down to 1.2298. Further rise should be seen and break of 61.8% […]
11/11/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 196.32; (P) 197.62; (R1) 198.50; More… Intraday bias in GBP/JPY remains neutral and more consolidations could be seen below 199.79. Further rally is expected as long as 55 D EMA (now at 194.99) holds. Above 199.79 will resume the rebound from 180.00 to retest 208.09 high. However, sustained break of 55 D […]
14/04/2025

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.88; (P) 162.51; (R1) 163.72; More… Range trading continues in EUR/JPY and intraday bias remains neutral for the moment. 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 […]