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Daily Pivots: (S1) 163.11; (P) 163.93; (R1) 164.71; More…. Intraday bias in EUR/JPY is turned neutral again with current retreat. On the upside, break of 166.67 resistance will resume the whole rebound from 154.40. However, below 161.48 will extend the fall from 166.67 towards 155.14 support instead. In the bigger picture, price actions from 175.41 […]

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05/12/2023

AUD/USD Daily Report

Daily Pivots: (S1) 0.6586; (P) 0.6639; (R1) 0.6672; More… AUD/USD dips notably today but stays above 0.6570 support so far. Intraday bias remains neutral first. On the upside, sustained break of channel resistance (now at 0.6651) will argue that whole decline from 0.7156 has completed with three waves down to 0.6269. Further rally should then […]
22/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2605; (P) 1.2704; (R1) 1.2757; More… GBP/USD’s steep decline and break of 1.2666 support indicates resumption of fall from 1.2892. Intraday bias is back on the downside for 1.2517 structural support next. Decisive break there will indicate larger bearish reversal. For now, risk will remain on the downside as long as 1.2802 […]
09/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9784; (P) 0.9810; (R1) 0.9858; More… Range trading continues in EUR/CHF and intraday bias stays neutral. Near term outlook will stay bullish as long as 0.9709 support holds. However, considering bearish divergence condition in 4H MACD, break of 0.9709 will confirm short term topping, and turn bias back to the downside for […]