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Daily Pivots: (S1) 0.8632; (P) 0.8652; (R1) 0.8665; More… EUR/GBP’s strong rally today solidifies the case that corrective pattern from 0.8752 has completed at 0.8595. Intraday bias is back on the upside for retesting 0.8752. Firm break there will resume whole rally from 0.8221. Next target is 0.8867 fibonacci level. For now, further rise is […]

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12/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8531; (P) 0.8555; (R1) 0.8569; More… Immediate focus is now on 0.8529 support in EUR/GBP with current decline. Decisive break there argue that the corrective recovery from 0.8497 has completed at 0.8601. Intraday bias will be back on the downside for retesting 0.8497 low next. On the upside, break of 0.8601 will […]
21/08/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6463; (P) 1.6484; (R1) 1.6517; More… Focus stays on 1.6474 support in EUR/AUD. Decisive break there will argue that rise from 1.5996 has completed, and dampen the larger bullish view. Intraday bias will be back on the downside for deeper fall towards 1.5996 in this case. Nevertheless, strong rebound from current level, […]
04/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 142.18; (P) 142.96; (R1) 144.07; More… USD/JPY’s rebound from 140.25 short term bottom accelerates higher today and met 38.2% retracement of 151.89 to 140.25 at 144.69 already. Intraday bias will stay on the upside as long as 142.84 minor support holds. Sustained break of 144.94 resistance will bring further rally to 61.8% […]