Category: Daily Outlook

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2111; (P) 1.2145; (R1) 1.2161; More…. Intraday bias in EUR/USD remains neutral for consolidation below 1.2177 temporary top. Downside should be contained by 1.1985 support to bring another rise. On the upside, break of 1.2177 will resume the rally from 1.1703 for retesting 1.2242/2348 resistance zone. Decisive break there will resume larger […]

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.4018; (P) 1.4089; (R1) 1.4187; More… Outlook in GBP/USD remains unchanged and intraday bias stays on the upside. Rise from 1.3668 is in progress for retesting 1.4240 high. Firm break there will resume larger up trend from 1.1409 low for 1.4376 long term resistance next. On the downside, break of 1.4008 resistance […]

Pound Australian Dollar (GBP/AUD) Exchange Rate Heads Higher as England’s Lockdown Easing is Confirmed for May

May 11, 2021 – Written by John Cameron STORY LINK Pound Australian Dollar (GBP/AUD) Exchange Rate Heads Higher as England’s Lockdown Easing is Confirmed for May GBP/AUD Exchange Rate Rises Ahead of May’s Easing of UK Lockdown Measures The Pound Australian Dollar (GBP/AUD) exchange rate rose today after Prime Minister Boris Johnson confirmed that England’s […]

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8975; (P) 0.9035; (R1) 0.9064; More…. A temporary low is formed at 0.8984 and intraday bias in USD/CHF is turned neutral first. Some consolidations could be seen but outlook will stay bearish with 0.9163 resistance intact. Below 0.8984 will resume the fall from 0.9471 to retest 0.8756 low. In the bigger picture, […]

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 108.53; (P) 108.79; (R1) 109.11; More… No change in USD/JPY’s outlook as further decline is expected to 107.47 support first. Break of 107.47 will resume whole decline from 110.95 for 100% projection of 110.95 to 107.47 from 109.68 at 106.20 next. Risk will remain on the downside as long as 109.68 resistance […]

GBP/JPY Daily Outlook

Daily Pivots: (S1) 152.39; (P) 153.21; (R1) 154.49; More… Intraday bias in GBP/JPY remains on the upside for the moment. Up trend from 123.94 is in progress for 156.69 long term resistance first. Firm break there will carry larger bullish implications. Next target will be 61.8% projection of 133.03 to 153.39 from 149.03 at 161.61. […]

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.2111; (P) 1.2145; (R1) 1.2161; More…. A temporary top is in place at 1.2177 and intraday bias is turned neutral for some consolidations first. But outlook will remain cautiously bullish as long as 1.1985 support holds. On the upside, above 1.2177 will target a test on 1.2242/2348 resistance zone. Decisive break there […]

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 108.20; (P) 108.74; (R1) 109.15; More… No change in USD/JPY’s outlook and intraday bias stays mildly on the downside for 107.47 support first. Break there will resume whole decline from 110.95 for 100% projection of 110.95 to 107.47 from 109.68 at 106.20 next. For now, risk will stay on the downside as […]

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8975; (P) 0.9035; (R1) 0.9064; More…. USD/CHF’s fall from 0.9471 is still in progress. Intraday bias stays on the downside for retesting 0.8756 low. On the upside, break of 0.9163 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain mildly bearish in case of recovery. In the bigger picture, […]