Category: Technical Outlook

Daily Pivots: (S1) 1.1286; (P) 1.1324; (R1) 1.1369; More… EUR/USD’s rally from 1.1064 is in progress and intraday bias stays on the upside. Correction from 1.1572 could have completed at 1.1064 already. Further rise should be seen to retest 1.1572 high first. Firm break there will resume larger up trend. Next near term target will…

Daily Pivots: (S1) 1.3354; (P) 1.3375; (R1) 1.3414; More… Intraday bias in GBP/USD stays on the upside for the moment, with focus on 1.3433/42 key resistance zone. Decisive break there will confirm larger up trend resumption. Next near term target will be 61.8% projection of 1.2706 to 1.3442 from 1.3138 at 1.3593, and then 100%…

Daily Pivots: (S1) 1.1239; (P) 1.1263; (R1) 1.1307; More… Intraday bias in EUR/USD remains on the upside at this point. Correction from 1.1572 could have completed at 1.1064 already. Further rise should be seen to retest 1.1572 high first. Firm break there will resume larger up trend. Next near term target will be 61.8% projection…

Daily Pivots: (S1) 0.8256; (P) 0.8309; (R1) 0.8337; More…. Intraday bias in USD/CHF remains on the downside for the moment. Corrective recovery from 0.8038 could have completed at 0.8475 already. Break of 0.8184 support will solidify this bearish case. Further break of 0.8038 will resume larger down trend to 61.8% projection of 0.9200 to 0.8038…

Daily Pivots: (S1) 143.89; (P) 144.70; (R1) 145.31; More… Intraday bias in USD/JPY stays on the downside at this point. Rebound from 139.87 could have completed as a correction to 148.64 already. Deeper fall would be seen back to retest this support. For now, risk will stay on the downside as long as 146.08 minor…

Daily Pivots: (S1) 192.89; (P) 193.56; (R1) 194.19; More… Intraday bias in GBP/JPY remains neutral at this point. More consolidations could be seen below 196.38. Further rise is in favor as long as 190.22 support holds. On the upside, firm break of 195.95 will suggest that whole choppy decline from 199.79 has completed, and target…

Daily Pivots: (S1) 162.56; (P) 162.92; (R1) 163.42; More… No change in EUR/JPY’s outlook as range trading continues. Intraday bias stays neutral at this point. Further rally is in favor as long as 161.57 support holds. Break of 165.19 will resume the rise from 154.77 to 166.67 resistance. However, firm break of 161.57 will indicate…

Daily Pivots: (S1) 1.7434; (P) 1.7520; (R1) 1.7652; More… EUR/AUD is still limited range below 1.7628 resistance and intraday bias stays neutral. On the upside, firm break of 1.7628 will suggest that fall from 1.8554 as completed as a correction, and retain larger bullishness. Intraday bias will be back on the upside for stronger rebound.…

Daily Pivots: (S1) 0.9334; (P) 0.9361; (R1) 0.9375; More…. No change in EUR/CHF’s outlook as range trading continues. Intraday bias stays neutral at this point. Price actions from 0.9218 are seen as either a corrective move or the third leg of the pattern from 0.9204. On the upside, break of 0.9419 will resume the rise…

Daily Pivots: (S1) 0.8399; (P) 0.8414; (R1) 0.8442; More… Intraday bias in EUR/GBP is turned neutral as recovery from 0.8392 extends. More consolidations could be seen but further decline remains in favor as long as 0.8539 resistance holds. Below 0.8392 will resume the fall from 0.8737 to 0.8221/8239 support zone. In the bigger picture, current…