Category: Daily Outlook

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 106.04; (P) 106.37; (R1) 106.56; More… Intraday bias in USD/JPY remains neutral for the moment. With 107.09 minor resistance intact, near term outlook stays bearish for further decline. On the downside, break of 105.04 will resume larger fall from 112.40 to 104.69 low. Break will target 100% projection of 112.40 […]

GBP/JPY Daily Outlook

Daily Pivots: (S1) 128.50; (P) 129.06; (R1) 129.86; More… Intraday bias in GBP/JPY remains neutral at this point and consolidation from 126.54 might extend. But outlook remains bearish with 130.06 minor resistance intact. On the downside, break of 126.54 will extend larger down trend to 122.36 low. However, break of 130.06 will indicate […]

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9763; (P) 0.9790; (R1) 0.9806; More… A temporary topis formed at 0.9821 in USD/CHF and intraday bias is turned neutral first. On the downside, break of 0.9762 will suggest completion of recovery from 0.9659. Intraday bias will be turned back to the downside for retesting 0.9659 first. On the upside, […]

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2096; (P) 1.2135; (R1) 1.2164; More…. GBP/USD weakens notably today but stays above 1.2014 temporary low. Intraday bias remains neutral and more consolidations could be seen. But outlook stays bearish with 1.2209 resistance intact. On the downside, break of 1.2014 will resume recent fall to 1.1946 low first. Firm break […]

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1065; (P) 1.1089; (R1) 1.1103; More… Intraday bias in EUR/USD remains mildly on the downside for 1.1026 low. Decisive break there will extend the downtrend from 1.2555. On the downside, above 1.1130 minor resistance will turn intraday bias back to the upside to extend the correction from 1.1026. But in […]

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9782; (P) 0.9802; (R1) 0.9835; More… No change in USD/CHF’s outlook. With 0.9762 minor support intact, recovery from 0.9659 is still in progress for 55 day EMA (now at 0.9859). Sustained break will target 0.9975 resistance. On the downside, break of 0.9762 minor support will turn bias back to the […]

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 106.35; (P) 106.53; (R1) 106.80; More… Intraday bias in USD/JPY remains neutral as consolidation from 105.04 is still in progress. Near term outlook remains bearish with 107.09 minor resistance intact, and further fall is expected. On the downside, break of 105.04 will resume larger decline from 112.40 to 104.69 low. […]

Pound Australian Dollar (GBP/AUD) Exchange Rate Sinks as RBA Takes a Wait-and-See Stance on Monetary Policy

August 20, 2019 – Written by John Cameron STORY LINK Pound Australian Dollar (GBP/AUD) Exchange Rate Sinks as RBA Takes a Wait-and-See Stance on Monetary Policy GBP/AUD Exchange Rate Falls as US-China Trade Developments Remain in Focus The Pound Australian Dollar (GBP/AUD) exchange rate fell by -0.5% today. This left the pairing fluctuating around AU$ […]