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WEEKLY GBP/USD OUTLOOK - +1.2480+ |
Update Time:24 Jan 2025 15:52GMT Despite cable's resumption of MT decline to a 14-month trough of 1.2100 mid-Jan, loss of downward momentum n subsequent rally to 1.2376 Wed, then higher today confirms bottom is in place n gain to 1.2500/10 would be seen after consolidation, how- ever, 1.0570/75 is likely to hold on 1st testing.
Trade fm long side for 1.2480 n only below 1.23 40/50 risks marginal weakness as 1.2294/00 sup area would remain intact, bring another rise later.
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STRATEGY | : | +Target met+ |
POSITION | : | +Long at 1.2180+ |
OBJECTIVE | : | 1.2480 |
STOP-LOSS | : | |
RESISTANCE | : | 1.2510/1.2575/1.2613 |
SUPPORT | : | 1.2401/1.2375/1.2294 |
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DAILY GBP/USD OUTLOOK - +1.2470+ |
Update Time:24 Jan 2025 15:42GMT Although cable's intra-day rise abv Wed's 1.2376 high confirms upmove fm Jan's 14-mth 1.2100 bottom has resumed, overbought condition shud prevent strg gain abv 1.2475/80 n 1.2500/10 res area is likely to hold today, yield subsequent correction later.
Trade fm long side for 1.2470 n below 1.2395/00 risks 1.2370/75 but 1.2335 sup shud remain intact.
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STRATEGY | : | +Target met+ |
POSITION | : | Long at 1.2230 |
OBJECTIVE | : | 1.2470 |
STOP-LOSS | : | |
RESISTANCE | : | 1.2477/1.2494/1.2510 |
SUPPORT | : | 1.2448/1.2422/1.2401 |
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DAILY USD/JPY OUTLOOK - +155.55+ |
Update Time:24 Jan 2025 10:13GMT Despite dlr's rally fm Tue's 1-month low of 154. 78 to 156.75 y'day, subsequent fall to 154.85 in post-BOJ today suggests decline fm Jan's near 6-mth 158.87 peak wud resume n extend to 154.35/45, then 154.00/10, which shud hold today, bring rebound.
Trade fm short side for +154.10+ n only abv 155. 75/80 risks marginal gain to 156.00/10 b4 down.
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STRATEGY | : | +Stop profit+ |
POSITION | : | +Short at 156.40+ |
OBJECTIVE | : | |
STOP-LOSS | : | +155.55+ |
RESISTANCE | : | 155.75/156.17/156.47 |
SUPPORT | : | 154.78/154.44/154.09 |
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INTRA-DAY USD/JPY OUTOOK - +155.25+ |
Update Time:24 Jan 2025 06:46GMT Intra-day selloff fm 156.41 in post-BOJ to 154. 85 suggests a re-test of Tue's 1-month 154.78 low wud be seen after consolidation n present rebound yields choppy sideways swings b4 decline fm Jan's 5-1/2 month 158.87 peak heads to 154.35/45 later.
Trade fm short side for +154.50+ n only abv 155. 75/80 risks marginal gain, 155.95/05 shud hold.
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STRATEGY | : | +Stop profit+ |
POSITION | : | +Short at 156.40+ |
OBJECTIVE | : | |
STOP-LOSS | : | +155.25+ |
RESISTANCE | : | 155.75/156.47/156.75 |
SUPPORT | : | 154.78/154.47/153.98 |
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INTRA-DAY GBP/USD OUTLOOK - +1.2375+ |
Update Time:23 Jan 2025 18:02GMT Y'day's retreat after break of Tue's 1.2360 high to a near 2-week 1.2376 peak together with loss of momentum suggests upmove fm Jan's 14-month 1.2100 bottom has made a temp. top n retrace. to 1.2293 (38.2% r of 1.2160-1.2376) wud be seen b4 rebound.
Buy on dips to 1.2295 for +1.2375+ n only below 1.2770/75 risks marginal drop, 1.2230 sup shud hold
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STRATEGY | : | +Target met+ |
POSITION | : | +Long at 1.2295+ |
OBJECTIVE | : | +1.2375+ |
STOP-LOSS | : | |
RESISTANCE | : | 1.2376/1.2413/1.2441 |
SUPPORT | : | 1.2335/1.2294/1.2271 |
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INTRA-DAY GBP/USD OUTLOOK - +1.2310+ |
Update Time:21 Jan 2025 15:42GMT Intra-day rise after fall fm y'day's 1.2344 high to 1.2230 suggests pullback has possibly ended, abv 1.2310/20 wud add credence to this view n bring re- test of 1.2344, break extends corrective upmove fm Jan's 14-mth 1.2100 trough to 1.2370/76 b4 retreat.
Trade fm long side for +1.2310+ n only below 1.2220/25 risks marginal drop, 1.2185/95 shud hold.
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STRATEGY | : | +Target met+ |
POSITION | : | +Long at 1.2230+ |
OBJECTIVE | : | +1.2310+ |
STOP-LOSS | : | |
RESISTANCE | : | 1.2311/1.2344/1.2376 |
SUPPORT | : | 1.2261/1.2230/1.2185 |
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DAILY EUR/USD OUTLOOK - +1.0395+ |
Update Time:20 Jan 2025 13:39GMT Despite euro's resumption of LT decline to a 25- month trough of 1.0179 last Mon, loss of momentum n subsequent rise to 1.0354 Wed suggests temporary bottom is in place n intra-day break of 1.0354 on US tariffs news wud head to 1.0395/00, 1.0433/36.
Trade fm long side for 1.0395 n only below 1.02 60/67 risks weakness to 1.0231/37, break, 1.0210/15
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STRATEGY | : | +Target met+ |
POSITION | : | Long at 1.0265 |
OBJECTIVE | : | 1.0395 |
STOP-LOSS | : | |
RESISTANCE | : | 1.0397/1.0458/1.0480 |
SUPPORT | : | 1.0354/1.0309/1.0260 |
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DAILY AUD/JPY CROSS OUTLOOK - +96.25+ |
Update Time:17 Jan 2025 14:32GMT Although intra-day selloff below Thur's 4-week 96.33 low signals nr term fall wud extend to 95.81 , loss of momentum shud keep price abv 95.53 (Dec).
Trade fm short side for 95.60 next as only abv 96.90/95 risks stronger retracement to 97.20/25.
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STRATEGY | : | +Stop profit+ |
POSITION | : | +Short at 97.60+ |
OBJECTIVE | : | +Short at 97.60+ |
STOP-LOSS | : | +96.25+ |
RESISTANCE | : | 96.72/96.93/97.24 |
SUPPORT | : | 96.00/95.81/95.53 |
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DAILY USD/SGD OUTLOOK - +1.3540+ |
Update Time:20 Jan 2025 14:44GMT Intra-day selloff on US tariff news (see MMN) signals a top is made at last Mon's 15-mth 1.3751 top n below 1.3512 extends to 1.3470/80 b4 bounce.
Trade fm short side for 1.3540 next as only abv 1.3600/05 risks gain back to 1.3630/35, 1.3650/55.
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STRATEGY | : | +Target met+ |
POSITION | : | Short at 1.3668 |
OBJECTIVE | : | 1.3540 |
STOP-LOSS | : | Short at 1.3668 |
RESISTANCE | : | 1.3582/1.3632/1.3653 |
SUPPORT | : | 1.3512/1.3500/1.3485 |
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INTRA-DAY AUD/USD OUTLOOK - +0.6245+ |
Update Time:20 Jan 2025 13:41GMT Intra-day rise on US tariffs news (see MMN) n then break of Wed's 0.6247 high confirms corrective upmove fm last Mon's near 5-year 0.6131 trough has resumed n gain twds 0.0.6285/87, then 0.6300/02 wud be seen, abv needed to head to 0.6320/26 b4 retreat
Trade fm long side for 0.6245 n only below 0.62 20/30 indicates top made, risks 0.6190/95,0.6165/70
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STRATEGY | : | +Target met+ |
POSITION | : | Long at 0.6180 |
OBJECTIVE | : | 0.6245 |
STOP-LOSS | : | |
RESISTANCE | : | 0.6287/0.6302/0.6337 |
SUPPORT | : | 0.6228/0.6190/0.6162 |
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INTRA-DAY USD/CHF OUTLOOK - +0.9085+ |
Update Time:20 Jan 2025 13:42GMT Intra-day fall on US tariffs news (see MMN) sug- gests re-test of last Wed's 0.9081 low wud be seen, where break extends near term decline fm Jan's 8- month 0.9202 (LSEG) peak to 0.9055/60, then 0.9040/ 45, however, 0.9009/11 is likely to hold today.
Trade fm short side for 0.9085 n only abv 0.91 54 (Fri) risks gain to 0.9170/73, abv, 0.9185/90.
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STRATEGY | : | +Target met+ |
POSITION | : | Short at 0.9145 |
OBJECTIVE | : | 0.9085 |
STOP-LOSS | : | |
RESISTANCE | : | 0.9121/0.9154/0.9173 |
SUPPORT | : | 0.9081/0.9059/0.9023 |
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INTRA-DAY USD/JPY OUTOOK - +155.55+ |
Update Time:16 Jan 2025 16:19GMT As 156.35 has capped intra-day rise fm a 3-1/2 week low of 155.22, suggesting recovery has possi- bly ended, below 155.45/50 adds credence to this view n yield re-test of 155.22, break extends de- cline twds 154.86/93, 154.34/44 shud hold initially
Trade fm short side for +155.05+ n only abv 156. 35 risks 156.70/75 but 157.10/20 wud cap upside.
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STRATEGY | : | +Stop profit+ |
POSITION | : | +Short at 156.35+ |
OBJECTIVE | : | |
STOP-LOSS | : | +155.55+ |
RESISTANCE | : | 155.62/155.85/156.19 |
SUPPORT | : | 155.22/154.93/154.44 |
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SPOT GOLD DAILY OUTLOOK - +$ 2710.00+ |
Update Time:16 Jan 2025 13:26GMT Gold's rally fm this week's low at 2656.80 (Mon) to 2697.40 y'day suggests pullback fm last Fri's 2698.50 high has ended n further headway twds 2710/ 2712 would be seen after consolidation, however, overbought condition should prevent strong gain abv n 2724/2726 res area is likely to hold today.
In view of abv analysis, trade fm long side for 2710.00 n only below n only below 2675/2677 indi- cates temp. top made, risks 2668/2670, 2655/2657.
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STRATEGY | : | +Target met+ |
POSITION | : | Long at 2679.70 |
OBJECTIVE | : | +2710.00+ |
STOP-LOSS | : | |
RESISTANCE | : | 2711.60/2720.50/2726.30 |
SUPPORT | : | 2681.70/2676.90/2669.50 |
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DAILY EUR/JPY CROSS OUTLOOK - +159.90+ |
Update Time:16 Jan 2025 05:39GMT Euro's selloff fm 162.89 to as low as 160.80 in NY Wed n intra-day brief break of Mon's 3-week low at 160.04 signals decline fm Dec's 1-1/2 month top at 164.90 remains in force but oversold condition may keep price abv 159.55/60 today, yield bounce.
Trade fm short side for 159.90 as only abv 160. 80/90 indicates temp. trough made, risks 161.20/30.
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STRATEGY | : | +Target met+ |
POSITION | : | +Short at 161.87+ |
OBJECTIVE | : | +159.90+ |
STOP-LOSS | : | |
RESISTANCE | : | 160.80/161.20/161.54 |
SUPPORT | : | 159.82/159.57/159.12 |
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INTRA-DAY EUR/JPY OUTLOOK - +160.90+ |
Update Time:15 Jan 2025 16:39GMT Intra-day selloff fm 162.89 on comments fm BOJ's Governor Ueda suggests recovery fm Mon's 160.04 bot tom has possibly ended, below 161.01 (Tue's low) adds credence to this view n yield weakness to 160. 50/60, break is likely to bring re-test of 160.04.
Trade fm short side for +160.90+ n only abv 161. 95/00 risks risk to 162.35/40, abv, 162.55/60 later
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STRATEGY | : | +Target met+ |
POSITION | : | +Short at 161.87+ |
OBJECTIVE | : | +160.90+ |
STOP-LOSS | : | |
RESISTANCE | : | 161.54/161.94/162.37 |
SUPPORT | : | 160.72/160.29/160.04 |
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DAILY EUR/GBP CROSS OUTLOOK - +0.8431+ |
Update Time:15 Jan 2025 07:02GMT Although euro's rally fm 0.8384 Tue n break of 0.8424 (Mon) to a near 4-month 0.8450 high in NY signals recent erratic upmove wud extend to 0.84 63/68 res, loss of momentum may prevent sharp rise n 0.8480/90 shud cap upside today, yield retreat.
Trade fm long side for 0.8490 next as only below 0.8400/05 indicates temp. top made, risks 0.8380/85
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STRATEGY | : | +Stop profit+ |
POSITION | : | Long at 0.8311 |
OBJECTIVE | : | |
STOP-LOSS | : | 0.8431 |
RESISTANCE | : | 0.8463/0.8499/0.8522 |
SUPPORT | : | 0.8402/0.8384/0.8351 |
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INTRA-DAY EUR/JPY OUTLOOK - +162.45+ |
Update Time:15 Jan 2025 04:29GMT Euro's rally fm 161.01 to 162.85 in NY Tue n intra-day break there in Aust. signals near term fall fm Dec's 164.90 has made a temporary low there n consolidation with upside bias remains but abv 163.18/22 needed to extend to 163.40/45 b4 retreat.
Trade fm long side for 162.95 next as only below 162.40/45 may risk weakness back to 162.10/15.
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STRATEGY | : | +Stop profit+ |
POSITION | : | +Long at 161.80+ |
OBJECTIVE | : | |
STOP-LOSS | : | +162.45+ |
RESISTANCE | : | 162.95/163.18/163.50 |
SUPPORT | : | 162.45/162.14/161.59 |
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INTRA-DAY EUR/USD OUTLOOK - +1.0210+ |
Update Time:13 Jan 2025 04:34GMT Although euro's sharp selloff fm 1.0311 to a fresh 2-year bottom at 1.0213 in post-NFP trading Fri n intra-day break there signals MT fall remains in progress, loss of downward momentum is likely to keep price abv 1.0150/60, yield rebound later.
Trade fm short side for 1.0210 next as only abv 1.0274/85 indicates temp. low made, risks 1.0318/23
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STRATEGY | : | +Target met+ |
POSITION | : | +Short at 1.0270+ |
OBJECTIVE | : | 1.0210 |
STOP-LOSS | : | |
RESISTANCE | : | 1.0274/1.0323/1.0357 |
SUPPORT | : | 1.0197/1.0164/1.0129 |
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INTRA-DAY EUR/GBP OUTLOOK - +0.8575+ |
Update Time:17 Jan 2024 16:44GMT Despite euro's rebound after y'day's retreat fm 0.8620 to 0.8592 in NY, intra-day sharp selloff fm 0.8618 in European morning on hot U.K. CPI signals has retained daily bearishness but firm break of 0.8672 sup is needed to yield weakness twd 0.8550.
Trade fm short side for this move as only abv 0.8620 risks gain back twd 0.8635/40.
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STRATEGY | : | +Target met+ |
POSITION | : | Short at 0.8615 |
OBJECTIVE | : | 0.8575 |
STOP-LOSS | : | |
RESISTANCE | : | 0.8595/0.8620/0.8639 |
SUPPORT | : | 0.8550/0.8524/0.8494 |
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Published by Trendsetter Financial Markets Limited. All rights reserved. |
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