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EURAUD stayed in consolidation above 1.6161 last week and outlook is unchanged. Initial bias remains neutral this week and further fall is expected with 1.6598 resistance intact. On the downside, below 1.6161 will target a test on 1.5996/6002 key support zone. In the bigger picture, as long as 1.5996 support holds, up trend from 1.4281 […]

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EUR/USD Weekly Outlook

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13/01/2024

USD/JPY Weekly Outlook

USD/JPY’s rebound from 140.25 resumed last week and edged higher to 146.40. But subsequent retreat indicates temporary topping. Initial bias is neutral this week first. Further rise is mildly in favor as long as 143.41 minor support holds. Above 146.40 will target 61.8% retracement of 151.89 to 140.25 at 147.44. Upside should be limited there […]
19/07/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0879; (P) 1.0911; (R1) 1.0928; More…. Intraday bias in EUR/USD remains neutral for consolidations below 1.0947 temporary top. Downside of retreat should be contained by 1.0871 support to bring another rally. On the upside, break of 1.0947 will resume the rise from 1.0601 and target 100% projection of 1.0601 to 1.0915 from […]
12/12/2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 145.12; (P) 145.85; (R1) 146.89; More… Intraday bias in USD/JPY is turned neutral first with current retreat. Break of 144.80 minor support will suggest that rebound from 141.59 has completed at 146.58, after rejection by 55 4H EMA. Intraday bias will then be back on the downside for retesting 141.59 low. Overall […]