GBP/JPY Daily Outlook

Daily Pivots: (S1) 149.19; (P) 149.74; (R1) 150.10; More… USD/JPY recovered mildly ahead of 4H MACD, but stays below 150.31 temporary top. Intraday bias remains neutral first. Further rally is expected as long as 146.47 resistance turned support holds. Above 150.31 will resume the rebound from 139.57 to 61.8% retracement of 161.94 to 139.57 at […]

AUD/USD’s fall from 0.6941 continued last week but formed a temporary low at 0.6536, ahead of 61.8% retracement of 0.6269 to 0.6941 at 0.6526. Initial bias remains neutral this week for consolidations first. Further decline is expected as long as 55 D EMA (now at 0.6700) holds. On the downside, sustained break of 0.6526 will […]

AUD/USD’s decline last week indicates short term topping at 0.6870, on bearish divergence condition in 4H MACD. Further decline will remain mildly in favor as long as 0.6759 minor resistance holds, to 55 D EMA (now at 0.6612). Nevertheless, break of 0.6759 will turn bias back to the upside for retesting 0.6870 instead. In the […]