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Daily Pivots: (S1) 1.7868; (P) 1.8015; (R1) 1.8093; More… Intraday bias in EUR/AUD remains neutral for the moment, and more consolidations could be seen first. On the upside, sustained break of 0.8155 resistance will affirm the case that larger up trend is resuming. Further rise should be seen to retest 1.8554 high next. However, break […]

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07/01/2024

EUR/JPY Weekly Outlook

EUR/JPY’s rebound from 153.15 resumed by breaking through 158.55 last week. Initial bias stays on the upside this week for further rally to 100% projection of 153.15 to 158.55 from 155.06 at 160.46. For now, risk will stay mildly on the upside as long as 155.06 support holds, in case of retreat. In the bigger […]
25/01/2025

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2305; (P) 1.2340; (R1) 1.2388; More… Immediate focus is now on 1.2486 support turned resistance as GBP/USD’s rebound from 1.2099 extends. Decisive break there will pave the way to 38.2% retracement of 1.3433 to 1.2099 at 1.2609, and possibly further to 1.2810 resistance. For now, further rally is in favor as long […]
30/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.65; (P) 147.93; (R1) 148.45; More… Range trading continues in USD/JPY and intraday bias remains neutral. With 145.97 resistance turned support intact, further rally is in favor. As noted before, corrective fall from 151.89 should have completed at 140.25 already. Break of 148.79 will resume the rise from there for retesting 151.89/93 […]