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Daily Pivots: (S1) 146.85; (P) 147.12; (R1) 147.44; More… USD/JPY rebounds notably today but stays in range of 146.20/148.76. Intraday bias remains neutral for the moment. On the upside, firm break of 148.76 will suggest that pullback from 150.90 has completed as a correction. Intraday bias will be back on the upside for retesting 150.90. […]

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29/02/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6598; (P) 1.6646; (R1) 1.6735; More… EUR/AUD rose to 1.6692 but retreated since then. Intraday bias is neutral for the moment first. The breach of 1.6671 resistance suggests that rebound from 1.6127 is resuming. More importantly, whole correction from 1.7062 should have completed with three waves down to 1.6127. Further rise is […]
22/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8532; (P) 0.8542; (R1) 0.8549; More… EUR/GBP accelerates lower today and the break of 0.8529 support argues that larger down trend is ready to resume. Intraday bias stays on the downside for 0.8491/7 support one. Firm break there will confirm this case and target 0.8376 projection level next. On the upside though, […]
07/07/2024

GBP/JPY Weekly Outlook

GBP/JPY’s up trend continued last week and hit as high as 206.42. Initial bias is on the upside this week for further rally. Firm break of 100% projection of 191.34 to 200.72 from 197.18 at 206.56 will target 138.2% projection at 210.17. On the downside, below 204.97 minor support will turn bias to the downside […]