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Daily Pivots: (S1) 161.65; (P) 163.34; (R1) 164.37; More…. Intraday bias in EUR/JPY stays on the downside despite today’s weak recovery. Prior break of 55 D EMA (now at 163.39) argues that corrective rebound from 154.40 has completed with three waves up to 166.67, ahead of61.8% retracement of 175.41 to 154.40 at 167.38. Further decline […]

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04/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2732; (P) 1.2770; (R1) 1.2847; More….. GBP/USD’s rally from 1.2298 resumed by breaking through 1.2799 resistance. Intraday bias is back on the upside. Next target is 1.2892 resistance. For now, break of 1.2693 support is needed to indicate short term topping. Otherwise, outlook will stay cautiously bullish in case of retreat. In […]
22/03/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 150.69; (P) 151.22; (R1) 152.18; More… Intraday bias in USD/JPY stays neutral as consolidation from 151.82 temporary top might extend. But further rally is expected as long as 55 4H EMA (now at 149.91) holds. On the upside, decisive break of 151.93 key resistance will confirm long term up trend resumption. Next […]
29/02/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6473; (P) 0.6512; (R1) 0.6534; More… Intraday bias AUD/USD remains mildly on the downside for retesting 0.6442 support first. Firm break there will resume whole decline from 0.6870, and target 61.8% projection of 0.6870 to 0.6442 from 0.6594 at 0.6329 next. On the upside, above 0.6524 minor resistance will turn intraday bias […]