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Daily Pivots: (S1) 0.6525; (P) 0.6546; (R1) 0.6561; More… Intraday bias in AUD/USD stays neutral at this point. While recovery from 0.6442 could extend higher, outlook will remain bearish as long as 0.6621 resistance holds. On the downside, below 0.6520 minor support will turn bias to the downside for retesting 0.6442. Nevertheless, considering bullish convergence […]

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GBP/JPY Daily Outlook

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12/09/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 141.20; (P) 141.87; (R1) 143.04; More… USD/JPY is staying in consolidation above 140.70 temporary low and intraday bias remains neutral at this point. Outlook will remain bearish as long as 147.20 resistance holds. On the downside, break of 140.70 will resume the fall from 161.94 to 140.25 support, and possibly to 139.26 […]
01/05/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0642; (P) 1.0688; (R1) 1.0713; More… Intraday bias in EUR/USD remains mildly on the downside at this point. Recovery from 1.0601 could have completed at at 1.0752 already. Further fall would be seen for retesting 1.0601 first. Firm break there will resume larger fall and target 100% projection of 1.1138 to 1.0694 […]
17/08/2024

EUR/GBP Weekly Outlook

EUR/GBP’s correction from 0.8624 extended lower last week after interim recovery. Initial bias stays on the downside this week for 100% projection of 0.8624 to 0.8530 from 0.8591 at 0.8497, which is close to 55 D EMA (now at 0.8494). Strong support should be seen there to bring rebound. But for now, risk will stay […]