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Daily Pivots: (S1) 0.6503; (P) 0.6524; (R1) 0.6552; More… Intraday bias in AUD/USD remains neutral and more consolidations would be seen above 0.6442 first. Stronger recovery cannot be ruled out, but outlook will remain bearish as long as 0.6621 resistance holds. Break of 0.6642 will resume the decline from 0.6870 towards 0.6269 low. In the […]

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GBP/JPY Daily Outlook

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30/05/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0780; (P) 1.0821; (R1) 1.0842; More…. EUR/USD recovered after dipping to 1.0788 and intraday bias is turned neutral first. On the upside, firm break of 1.0894 will resume the rise from 1.0601 towards 1.0980 resistance next. However, sustained trading below 38.2% retracement of 1.0601 to 1.0894 at 1.0782 will argue that rebound […]
02/04/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9014; (P) 0.9036; (R1) 0.9066; More…. Intraday bias in USD/CHF remains neutral at this point. Further rally is expected as long as 0.8964 support holds. Firm break of 0.9070 will resume larger rise from 0.8332 towards 0.9243 key resistance next. In the bigger picture, price actions from 0.8332 medium term bottom as […]
29/08/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.24; (P) 190.85; (R1) 191.33; More… GBP/JPY is still bounded in consolidation below 191.99 and intraday bias remains neutral for the moment. On the upside, above 191.99 will target 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from 208.09. On the downside, however, firm […]