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Daily Pivots: (S1) 1.7509; (P) 1.8033; (R1) 1.8319; More… With break of 1.7957 minor support, a short term top should be formed at 1.8554 in EUR/AUD. Intraday bias is mildly on the downside for pull back to 38.2% retracement of 1.5963 to 1.8854 at 1.7750. Strong support should be seen there to bring rebound, at […]

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USD/JPY Mid-Day Outlook

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20/03/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0842; (P) 1.0859; (R1) 1.0884; More… Intraday bias in EUR/USD remains neutral for consolidation above 1.0834 temporary low. Further decline is in favor as long as 1.0905 resistance holds. On the downside, sustained trading below 55 D EMA (now at 1.0856) will argue that rebound from 1.0694 has completed and bring retest […]
21/02/2025

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6354; (P) 1.6410; (R1) 1.6462; More… EUR/AUD’s corrective pattern from 1.6800 is still extending. Deeper fall is expected as long as 1.6518 resistance holds, to 61.8% retracement of 1.5963 to 1.6800 at 1.6283. On the upside, though, break of 1.6518 resistance will bring stronger rebound back to 1.6631. In the bigger picture, […]
05/08/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 186.37; (P) 188.64; (R1) 189.89; More… In the bigger picture, fall from 208.09 medium term top is seen as correcting the up trend from 148.93 (2022 low). 38.2% retracement of 148.93 to 208.09 at 185.49 is already met. Decisive break there will argue that even larger scale correction is already underway. For […]