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Daily Pivots: (S1) 153.89; (P) 154.63; (R1) 155.41; More… USD/JPY’s break of 153.87 resistance turned support and rising channel suggest short term topping at 156.74. Intraday is back on the downside for pull back to 151.27, and possibly below. But strong support should emerge at 38.2% retracement of 139.57 to 156.74 at 150.18 to contain […]

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GBP/JPY Daily Outlook

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09/02/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8531; (P) 0.8538; (R1) 0.8550; More… Intraday bias in EUR/GBP remains neutral as consolidation continues above 0.8512 support. Further decline is expected with 0.8591 resistance intact. On the downside, below 0.8512 will resume the fall from 0.8713 to 0.8491, and then 0.8464 projection level. However, firm break of 0.8591 will turn bias […]
26/01/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6411; (P) 1.6491; (R1) 1.6551; More… Intraday bias in EUR/AUD stays neutral for the moment. With 1.6398 minor support intact, further rally is in favor. Corrective fall from 1.7062 should have completed with three waves down to 1.6127 already. Above 1.6671 will target 1.6844 resistance to confirm this bullish case. However, break […]
16/11/2024

AUD/USD Weekly Report

AUD/USD’s fall from 0.6491 resumed last week. Initial bias stays on the downside this week for 61.8% projection of 0.6941 to 0.6511 from 0.6687 at 0.6421. Firm break there will target 100% projection at 0.6257 next. On the upside, above 0.6511 support turned resistance will turn intraday bias neutral and bring consolidations first. But outlook […]