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Daily Pivots: (S1) 1.1655; (P) 1.1682; (R1) 1.1713; More… EUR/USD retreated ahead of 1.1741 resistance and intraday bias remains neutral for the moment. Overall outlook is unchanged that corrective fall from 1.1829 should have completed with three waves down to 1.1390. On the upside, above 1.1741 will bring retest of 1.1829 high first. Firm break […]

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USD/JPY Daily Outlook

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05/11/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 165.14; (P) 165.55; (R1) 165.89; More…. EUR/JPY is staying in consolidations below 166.67 and intraday bias remains neutral. Further rally is expected as long as 164.25 minor support holds. Sustained break of 61.8% retracement of 175.41 to 154.40 at 167.38 will pave the way to retest 175.41 high. However, considering bearish divergence […]
10/02/2024

GBP/USD Weekly Outlook

GBP/USD rebounded after initial dip to 1.2517 last week, but upside was capped by 55 4H EMA. Initial bias remains neutral this week first. On the upside, firm break of 1.2641 resistance will affirm the case that correction from 1.2826 has completed at 1.2517, after drawing support from 1.2499. Intraday bias will be back on […]
27/03/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6523; (P) 0.6541; (R1) 0.6552; More…. AUD/USD is staying in consolidation above 0.6503 and intraday bias stays neutral. Risk will remain on the downside as long as 0.6633 resistance holds. Firm break of 0.6503 support will indicate that larger fall from 0.6870 is ready to resume, and turn bias to the downside […]