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Daily Pivots: (S1) 1.3050; (P) 1.3166; (R1) 1.3241; More… GBP/USD’s fall from 1.3433 short term top is in progress. Intraday bias remains on the downside for deeper decline. But strong support is expected from 1.3000 cluster (38.2% retracement of 1.2298 to 1.3433 at 1.2999 to bring rebound. On the upside, above 1.3236 minor resistance will […]

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AUD/USD Daily Report

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10/01/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0906; (P) 1.0936; (R1) 1.0961; More… Intraday bias in EUR/USD remains neutral as range trading continues. On the downside break of 1.0876 will resume the fall from 1.1138 short term top to 1.0722 support next. However, break of 1.0997 will turn bias back to the upside for retesting 1.1138 high instead. In […]
16/12/2023

AUD/USD Weekly Report

AUD/USD’s rise from 0.6269 resumed last week and the break of medium term falling channel suggests that whole fall from 0.7156 has completed with three waves down to 0.6269. Initial bias stays on the upside this week. Further rise should be seen to 0.6894 resistance next. Meanwhile, near term outlook will stay cautiously bullish as […]
10/09/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 142.15; (P) 142.97; (R1) 144.00; More… Range trading continues in USD/JPY and intraday bias stays neutral for the moment. Further decline is expected as long as 147.20 resistance holds. On the downside, decisive break of 141.67 will resume whole decline from 161.95 high. Next target will be 140.25 support. In the bigger […]