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GBP/JPY rebounded after initial dip to 189.54 last week, but upside is limited below 195.95 resistance. Initial bias stays neutral this week first. On the upside break of 195.95 will resume whole rise from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35 next. On the downside, break of 189.54 will turn bias back […]

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27/12/2023

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6153; (P) 1.6184; (R1) 1.6210; More… Intraday bias in EUR/AUD is back on the downside with breach of 1.6148 temporary low. Current fall from 1.6844 should target 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106. Meanwhile, considering bullish convergence condition in 4H MACD, firm break of 1.6265 resistance should indicate […]
10/11/2024

AUD/USD Weekly Report

AUD/USD rebounded to 0.6687 last week but was rejected by 55 D EMA (now at 0.6681). Initial bias is turned neutral this week first. For now, further rise is mildly in favor as long as 0.6551 short term bottom holds. Above 0.6687 will target 61.8% retracement of 0.6941 to 0.6511 at 0.6777. On the downside, […]
13/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0757; (P) 1.0773; (R1) 1.0787; More… Intraday bias in EUR/USD remains neutral for the moment. Further rally is expected as long as 55 4H EMA (now at 1.0747) holds. On the upside, above 1.0810 will resume the rebound from 1.0601 to 1.0884 resistance next. However, firm break of 55 4H EMA will […]