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USD/JPY’s extended pullback last weeks indicates short term topping at 153.26. Initial bias remains mildly on the downside for 55 D EMA (now at 148.64). Firm break there will target 145.47 support. On the upside, above 151.38 minor resistance will bring stronger rebound back to retest 153.26. In the bigger picture, current development suggests that […]

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11/07/2024

AUD/USD Mid-Day Report

Daily Pivots: (S1) 0.6735; (P) 0.6744; (R1) 0.6755; More… Intraday bias in AUD/USD remains on the upside as current rally continues to 61.8% projection of 0.6361 to 0.6713 from 0.6619 at 0.6837. Decisive break there could prompt upside acceleration through 0.6870 resistance to 100% projection at 0.6971. For now, risk will stay on the upside […]
03/06/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6279; (P) 1.6316; (R1) 1.6342; More…. Range trading continues in EUR/AUD above 1.6211 short term bottom and intraday bias remains neutral. On the downside, firm break of 1.6211 support will resume the whole decline from 1.6742, as the third leg of the correction from 1.7062. On the upside, above 1.6403 will resume […]
31/10/2025

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 151.83; (P) 152.45; (R1) 153.35; More… Dollar’s strong break of 153.26 confirms resumption of whole rise from 139.87. Intraday bias is back on the upside for 100% projection of 146.58 to 153.26 from 149.37 at 156.05. Firm break there will target 158.86 resistance next. On the downside, below 153.24 resistance turned support […]