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Daily Pivots: (S1) 0.6494; (P) 0.6511; (R1) 0.6530; More… AUD/USD edges higher today and immediate focus is on 55 D EMA (now at 0.6538). Sustained break there will argue that fall from 0.6706 has completed as a three wave correction at 0.6439. Further rally should then be seen to 0.6628 resistance, and then retest 0.6706 […]

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GBP/JPY Daily Outlook

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21/02/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 149.65; (P) 150.04; (R1) 150.40; More… Intraday bias in USD/JPY stays neutral for the moment as consolidation from 150.87 is extending. In case of another retreat, downside should be contained by 148.79 resistance turned support to bring another rally. Above 150.87 will resume the rise from 140.25 to 151.89/93 key resistance zone. […]
07/07/2024

EUR/GBP Weekly Outlook

EUR/GBP edged higher to 0.8498 last week, but failed to break through 55 D EMA (now at 0.8500) and retreated. Initial bias remains neutral this week first. On the upside, sustained trading above 55 D EMA (now at 0.8501) will extend the rise from 0.8396 short term bottom to 0.8529 support turned resistance. Nevertheless, On […]
30/08/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9361; (P) 0.9380; (R1) 0.9407; More…. A temporary low is formed at EUR/CHF at 0.9351, inch above 61.8% retracement of 0.9209 to 0.9579 at 0.9350. Intraday bias is turned neutral for some consolidations. Further decline is expected as long as 0.9497 resistance holds. Firm break of 0.9350 will pave the way to […]