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Daily Pivots: (S1) 160.00; (P) 160.43; (R1) 161.26; More… Intraday bias in USD/JPY remains on the upside at this point. Sustained trading above 100% projection of 151.86 to 157.70 from 154.53 at 160.37 will pave the way to 161.8% projection at 163.97. On the downside, below 159.18 minor support will turn intraday bias neutral again […]

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EUR/USD Daily Outlook

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07/06/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 155.19; (P) 155.81; (R1) 156.26; More…. USD/JPY rebounds notably in early US session but stays below 157.70 resistance. Intraday bias remains neutral first. On the upside, break of 157.70 will resume the whole rise from 151.86 and target 160.20 high. Nevertheless, break of 154.53 will turn bias to the downside for 151.86 […]
28/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6284; (P) 1.6333; (R1) 1.6369; More… Break of 1.6322 minor support argues that rebound from 1.6211 has completed at 1.6403 after rejection by 55 D EMA. Intraday bias is back on the downside for retesting 1.6211 first. Firm break there will resume the whole decline from 1.6742, as the third leg of […]
17/09/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6714; (P) 0.6734; (R1) 0.6771; More… Intraday bias in AUD/USD remains neutral and outlook is unchanged. On the upside, break of 0.6766 resistance should confirm that corrective pullback from 0.6823 has completed at 0.6621 already. Retest of 0.6823 should be seen next. On the downside, however, sustained break of 38.2% retracement of […]