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Daily Pivots: (S1) 1.1503; (P) 1.1567; (R1) 1.1649; More… Intraday bias in EUR/USD is turned neutral first with current retreat. Further rally is expected as long as 1.1372 support holds. Above 1.1630 will resume the rally from 1.0176 to 61.8% projection of 1.0176 to 1.1572 from 1.1064 at 1.1927. However, break of 1.1372 support will […]

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USD/JPY Mid-Day Outlook

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01/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 156.64; (P) 157.25; (R1) 158.42; More… Intraday bias in USD/JPY stays neutral at this point, as consolidation from 160.20 is extending. In case of another fall, downside should be contained by 38.2% retracement of 146.47 to 160.20 at 154.95 to bring recovery. For now, break of 160.20 is not envisaged in the […]
02/04/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6468; (P) 0.6503; (R1) 0.6526; More…. Intraday bias in back on the downside with breach of 0.6484 support. Retest of 0.6442 should be seen next. Firm break there will resume whole decline from 0.6870 and target 61.8% projection of 0.6870 to 0.6442 from 0.6666 at 0.6401. On the upside, above 0.6538 minor […]
06/06/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8901; (P) 0.8925; (R1) 0.8959; More…. Intraday bias in USD/CHF stays neutral and outlook is unchanged. Strong rebound from current level, followed by break of 0.8987 support turned resistance, will suggest that correction from 0.9223 has completed, and retain near term bullishness. However, sustained break of 0.8883 fibonacci level will carry larger […]