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Daily Pivots: (S1) 1.6412; (P) 1.6442; (R1) 1.6492; More… EUR/AUD recovered after dipping to 1.6391 and intraday bias is turned neutral first. Risk will stay on the downside for the moment. Below 1.6391 will extend the corrective fall from 1.6800 to 61.8% retracement of 1.5963 to 1.6800 at 1.6283. Nevertheless, firm break of 1.6497 minor […]

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GBP/JPY Daily Outlook

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EUR/USD Mid-Day Outlook

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13/02/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 149.01; (P) 149.29; (R1) 149.56; More… Intraday bias in USD/JPY is turned neutral as retreat from 149.57 is extending. Some consolidations could be seen but further rally is expected as long as 147.62 support holds. Above 149.57 will resume the rise from 140.25 to retest 151.89/93 key resistance zone. Decisive break there […]
27/01/2024

GBP/JPY Weekly Outlook

GBP/JPY edged higher to 188.90 last week but retreated since then. Initial bias remains neutral this week first. Further rally is expected as long as 186.14 support holds. Break of 188.90, and sustained trading above 188.63, will confirm up trend resumption. Next target is 38.2% projection of 155.33 to 188.63 from 178.32 at 191.04. However, […]
29/08/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1087; (P) 1.1138; (R1) 1.1170; More…. EUR/USD’s retreat from 1.1200 extends lower today, but stays well above 1.1007 resistance turned support. Intraday bias remains neutral and larger rally is still expected to continue. On the upside, break of 1.1200 will resume recent rally to 161.8% projection of 1.0665 to 1.0947 from 1.0776 […]