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Daily Pivots: (S1) 0.6631; (P) 0.6645; (R1) 0.6669; More… AUD/USD’s recovery from 0.6591 extends higher today, but stays below 0.6713 resistance. Intraday bias remains neutral first. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579 intact. On the upside, firm break of 0.6713 will resume whole rise […]

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EUR/AUD Daily Outlook

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GBP/JPY Daily Outlook

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16/04/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.90; (P) 163.67; (R1) 164.68; More… Range trading continues in EUR/JPY and intraday bias stays neutral. On the upside, firm break of 165.33 will resume larger up trend towards 169.96 key resistance next. However, decisive break of 162.26 support will argue that it’s at least correcting the rise from 153.15, and target […]
31/10/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2919; (P) 1.2981; (R1) 1.3025; More… GBP/USD is still bounded in consolidation above 1.2906 and intraday bias remains neutral. Further decline is expected as long as 1.3070 minor resistance holds. Below 1.2906 will target 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bearish divergence condition in 4H MACD, firm break […]
05/10/2024

USD/JPY Weekly Outlook

USD/JPY’s strong rebound and break of 38.2% retracement of 161.94 to 139.57 at 148.11 argued that fall from 161.94 has completed already. Rise from 139.57 is now seen as the second leg of the corrective pattern from 161.94. Initial bias stays on the upside this week and further rally should be seen to 61.8% retracement […]