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Daily Pivots: (S1) 161.50; (P) 162.70; (R1) 163.32; More… EUR/JPY reversed after hitting 164.16 and intraday bias is turned neutral first. For now, further rally is expected as long as 160.02 support holds. Above 164.16 will target 164.89 resistance. However, break of 160.02 will indicate short term topping, and turn bias back to the downside. […]

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19/03/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6561; (P) 1.6584; (R1) 1.6597; More… EUR/AUD’s strong break of 1.6606 minor resistance indicates that corrective pullback from 1.6742 has completed at 1.6439. Intraday bias is back on the upside for retesting 1.6742 first. Firm break there will resume whole rise from 1.6127 and 1.6844 resistance next. For now, near term outlook […]
17/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 154.15; (P) 154.84; (R1) 156.08; More… Intraday bias in USD/JPY remains neutral for the moment. Price actions from 160.20 are seen as a corrective pattern. ON the upside break of 156.78 will resume the rise from 151.86, as the second leg, to retest 160.20 high. On the downside, below 153.59 will target […]
05/01/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6683; (P) 0.6721; (R1) 0.6746; More… Intraday bias in AUD/USD remains mildly on the downside at this point. Pull back from 0.6870 short term top is in progress. But strong support would be seen from channel support (now at 0.6677) to bring rebound. On the upside, above 0.6759 minor resistance will turn […]