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Daily Pivots: (S1) 1.2940; (P) 1.2970; (R1) 1.3020; More… While upside momentum in GBP/USD is unconvincing as seen in 4H MACD, further rally is expected as long as 1.2910 support holds. Sustained trading above 61.8% retracement of 1.3433 to 1.2099 at 1.2923 will pave the way back to 1.3433 high. However, break of 1.2910 will […]

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EUR/USD Daily Outlook

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GBP/JPY Daily Outlook

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08/10/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6144; (P) 1.6204; (R1) 1.6302; More… EUR/AUD’s strong break of 1.6184 resistance confirms short term bottoming at 1.6002, after defending 1.5996 support. Intraday bias is back on the upside for 38.2% of 1.7180 to 1.6002 at 1.6452. Decisive break there will strengthen the case that whole corrective fall from 1.7180 has completed […]
26/09/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1099; (P) 1.1156; (R1) 1.1191; More…. Intraday bias in EUR/USD is turned neutral again with current retreat. Some consolidations would be seen below 1.1213, but further rally is expected as long as 1.1001 support holds. Above 1.1213 will extend larger rally from 1.0665 to 100% projection of 1.0776 to 1.1200 from 1.1001 […]
02/03/2024

EUR/JPY Weekly Outlook

EUR/JPY dipped to 161.67 last week but recovered since then. Initial bias is turned neutral this week first. Another decline is mildly in favor as long as 163.70 resistance holds. Below 161.67 will target channel support (now at 161.11). However, firm break of 163.70 will resume the rally from 153.15 to retest 164.29 high. In […]