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GBP/JPY’s fall from 198.94 continued last week despite some loss of downside momentum. Further fall is expected to 188.07 support this week. Firm break there will argue that corrective pattern from 180.00 has finished too, and larger decline from 208.09 might be ready to resume. On the upside, above 193.01 resistance will turn intraday bias […]

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31/10/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0814; (P) 1.0842; (R1) 1.0885; More… Intraday bias in EUR/USD remains neutral first, and further decline is expected with 1.0871 resistance intact. On the downside, break of 1.0760 will resume the fall from 1.1213 to 61.8% retracement of 1.0447 to 1.1213 at 1.0740. Firm break there will target 1.0601 support next. However, […]
21/01/2024

EUR/AUD Weekly Outlook

EUR/AUD’s rises further to as high as 1.6671 last week before retreating. The development suggests that corrective fall from 1.7062 has completed with three waves down to 1.6127 already. Further rise is expected as long as 1.6398 support holds. Above 1.6671 will target 1.6844 resistance to confirm this bullish case. In the bigger picture, fall […]
19/07/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6688; (P) 0.6716; (R1) 0.6734; More… Break of 0.6713 resistance turned support indicates short term topping at 0.6798, on bearish divergence condition in 4H MACD. Intraday bias is back on the downside for 38.2% retracement of 0.6361 to 0.6798 at 0.6631. Strong rebound would be seen there to bring rebound. On the […]