Tag: Daily

GBP/JPY Daily Outlook

Daily Pivots: (S1) 138.33; (P) 138.83; (R1) 139.80; More… GBP/JPY’s break of 138.86 minor resistance suggest that pull back from 140.31 has completed at 137.19. Intraday bias is back on the upside for 140.31 first. Firm break there will resume whole rebound from 133.03 for retesting 142.71 resistance next. On the downside, break of 137.19 […]

Daily Technical Analysis

EUR/USD Current level – 1.1841 The resistance zone at 1.1892 successfully held the bulls during yesterday’s session after the better-than-expected PMI data for the U. S. The correction was limited around the support level at 1.1827 and, in the early hours of today, the pair is trading above the mentioned support, with a minor consolidation […]

EUR/JPY Daily Outlook

Daily Pivots: (S1) 122.95; (P) 123.21; (R1) 123.42; More…. Intraday bias in EUR/JPY remains neutral for the moment. Corrective pattern from 127.07 is possibly extending with another falling leg. Break of 122.84 Below 122.84 will target a test on 121.63 support. However, break of 123.66 will dampen this bearish view and turn bias back to […]

GBP/JPY Daily Outlook

Daily Pivots: (S1) 137.63; (P) 137.85; (R1) 138.21; More… Intraday bias in GBP/JPY remains neutral for the moment. Rebound from 133.03 could have completed at 140.31 already. Break of 137.19 will target 134.40 support to confirm this bearish case. However, on the upside, break of 138.86 minor resistance will turn bias back to the upside […]

Daily Technical Analysis

EUR/USD Current level – 1.1872 The pair continues to trade in the range between 1.1830 and 1.1890. Expectations are still positive, for a new charge towards 1.1890 where a potential breach could take trading to the psychological level of 1.2000. Daily support for the bulls could be expected at around the 1.1830 level. The strength […]

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3260; (P) 1.3278; (R1) 1.3310; More… GBP/USD’s break of 1.3313 resistance suggests resumption of rebound from 1.2675. Intraday bias is back on the upside. Sustained break of channel resistance will indicate upside acceleration, and break retest of 1.3482 resistance. On the downside, through, break of 1.3195 minor support will mix up the […]

EUR/JPY Daily Outlook

Daily Pivots: (S1) 122.94; (P) 123.13; (R1) 123.41; More…. Intraday bias in EUR/JPY is turned neutral with current recovery. Further fall is mildly in favor with 123.66 minor resistance intact. Below 122.84 will target a test on 121.63 low first. Firm break there will resume the pattern from 127.07 with another fall to 119.31 key […]

GBP/JPY Daily Outlook

Daily Pivots: (S1) 137.22; (P) 137.61; (R1) 138.03; More… Further fall is in favor in GBP/JPY with 138.86 minor resistance intact. Corrective rebound from 133.03 has completed with three waves up to 140.31. Large fall from 142.71 might be resuming. Deeper fall would be seen to 133.03/134.40 support zone first. On the upside, though, break […]

Daily Technical Analysis

EUR/USD Current level – 1.1880 The currency pair managed to stay above the 1.1839 level and, at the time of writing, is preparing to test the key resistance at 1.1892. Even if the resistance at 1.1892 is to be breached, the expectations are for the pair to shortly trade above the mentioned level before returning […]

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3039; (P) 1.3078; (R1) 1.3123; More…. Despite a dip to 1.3034, USD/CAD quickly recovered and intraday bias remains neutral. Another rise could be seen to 55 day EMA (now at 1.3194) and above. Still, near term outlook remains bearish as long as 1.3389 resistance holds, and down trend resumption is expected. On […]