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EUR/GBP recovered after edging lower to 0.8382 last week. With break of 55 4H EMA (now at 0.8421), initial bias is mildly on the upside for stronger rebound to 55 D EMA (now at 0.8477). Nevertheless, outlook will stay bearish as long as 0.8498 resistance holds, and larger down trend should resume through 0.8382 at […]

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07/07/2024

EUR/JPY Weekly Outlook

EUR/JPY’s up trend continued to 174.50 last week but turned sideway since then. Initial bias is neutral this week for some more consolidations first. On the upside, firm break of 174.50 will target 138.2% projection of 164.01 to 170.87 from 167.52 at 177.00. On the downside, however, break of 173.07 will turn bias to the […]
02/09/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6739; (P) 0.6778; (R1) 0.6803; More… AUD/USD is extending the consolidation pattern from 0.6823 and intraday bias remains neutral. On the upside, break of 0.6823 will target 0.6870 resistance. Firm break there will target 100% projection of 0.6269 to 0.6870 from 0.6348 at 0.6949. However, break of 0.6696 support will indicate short […]
08/01/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6259; (P) 1.6322; (R1) 1.6356; More.. Intraday bias in EUR/AUD remains mildly on the upside for the moment. Rebound from 1.6127 short term bottom would target 1.6478 resistance. Firm break there will argue that whole correction from 1.7062 has completed, and target 1.6844 resistance for confirmation. Nevertheless, break of 1.6127 will resume […]