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Daily Pivots: (S1) 0.8319; (P) 0.8329; (R1) 0.8335; More… EUR/GBP’s strong rebound and break of 0.8370 resistance confirms short term bottoming at 0.8309. Intraday bias is back on the upside. Decisive break of 38.2% retracement of 0.8624 to 0.8309 at 0.8429 will pave the way to 61.8% retracement at 0.8504 and possibly above. On the […]

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18/05/2024

AUD/USD Weekly Report

AUD/USD’s rally from 0.6361 resumed last week but retreated after hitting 0.6713. Initial bias remains neutral for some consolidations. Further rally is expected as long as 0.6578 support holds. As noted before, fall from 0.6870 has probably completed with three waves down to 0.6361 already. Above 0.6713 will target 0.6870 resistance next. In the bigger […]
05/06/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 154.13; (P) 155.31; (R1) 156.07; More…. Intraday bias in USD/JPY remains neutral for the moment. Risk will stay on the downside as long as 157.70 resistance holds. Fall from there is seen as the third leg of the corrective pattern from 160.20. On the downside, break of 154.53 will target 153.59 support […]
15/07/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9719; (P) 0.9739; (R1) 0.9777; More…. Intraday bias in EUR/CHF remains on the upside at this point. Rise from 0.9476 is in progress and should target 0.9928 high next. On the downside, however, break of 0.9677 will turn bias to the downside for deeper pullback. In the bigger picture, rebound from 0.9252 […]