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Daily Pivots: (S1) 1.2387; (P) 1.2435; (R1) 1.2493; More… GBP/USD’s corrective rebound from 1.2099 extended slightly higher, but stays below 38.2% retracement of 1.3433 to 1.2099 at 1.2609. Intraday bias remains neutral first, and larger fall from 1.3433 is still expected to continue. Break of 1.2331 minor support will turn bias to the downside for […]

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01/12/2023

AUD/USD Daily Report

Daily Pivots: (S1) 0.6567; (P) 0.6609; (R1) 0.6647; More… Intraday bias in AUD/USD remains neutral for the moment. Some more consolidations could be seen below 0.6674 first. But further rally is expected as long as 0.6521 resistance turned support holds. On the upside, sustained break break of channel resistance (now at 0.6661) will argue that […]
30/04/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 164.95; (P) 168.26; (R1) 170.86; More… Intraday bias in EUR/JPY remains neutral as consolidation from 171.58 short term top is extending. Overall outlook will remain bullish as long as 165.33 resistance turned support holds. Above 171.58 will resume larger up trend to 178.39 projection level next. In the bigger picture, current rally […]
11/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 180.22; (P) 181.14; (R1) 182.71; More… GBP/JPY’s recovery from 178.78 extends higher today but outlook is unchanged. Upside of recovery should be limited below 184.44 support turned resistance to bring another decline. On the downside, below 181.66 minor support will bring retest of 178.68 support first. Firm break of will resume the […]