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AUD/USD’s strong rebound last week mixed up the near term outlook. Initial bias stays neutral this week first. On the downside, break of 0.6186 will target 0.6087 support first. Firm break there will resume whole decline from 0.6941. However, sustained trading above 38.2% retracement of 0.6941 to 0.6087 at 0.6413 will raise the chance of […]

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EUR/USD Weekly Outlook

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19/01/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 147.78; (P) 148.05; (R1) 148.44; More… USD/JPY’s rally resumed after brief retreat and intraday bias is back on the upside. Current rise from 140.25 should target a retest on 151.89/93 key resistance zone. On the downside, below 147.64 minor support will turn intraday bias neutral again and bring consolidations, before staging another […]
25/01/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9372; (P) 0.9410; (R1) 0.9430; More… EUR/CHF’s break of 0.9404 minor support suggests rejection by 55 D EMA (now at 0.9447). Intraday bias is back on the downside for deeper pull back. But downside should be contained above 0.9252 low to bring rebound. On the upside, above 0.9471 will resume the rebound […]
02/03/2025

USD/JPY Weekly Outlook

USD/JPY’s fall from 158.86 continued last week but recovered after hitting 148.55. Initial bias remains neutral this week first. This decline is seen as the third leg of the corrective pattern from 161.94 high. Break of 148.55 will target 61.8% retracement of 139.57 to 158.86 at 146.32 next. On the upside, however, break of 150.92 […]