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While the dip to 1.0776 was deeper than expected, EUR/USD’s subsequent strong rebound suggests that pullback from 1.0947 has completed already. Initial bias stays on the upside for retesting 1.0947 first. Firm break there will target 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1056. For now, risk will stay on the upside as […]

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USD/JPY Daily Outlook

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16/04/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 153.34; (P) 153.89; (R1) 154.83; More… Intraday bias in USD/JPY remains on the upside for the moment. Current up trend is in progress for 155.20 fibonacci projection level next. On the downside, below 153.37 minor support will turn intraday bias neutral and bring consolidations again, before staging another rally. In the bigger […]
31/05/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 156.23; (P) 156.96; (R1) 157.54; More… Intraday bias in USD/JPY remains neutral first. Decisive break of 156.36 will confirm short term topping at 157.70, on bearish divergence condition in 4 H MACD. Intraday bias will be back on the downside for 153.59 support. Firm break there will target 151.86 and below as […]
16/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6226; (P) 1.6284; (R1) 1.6320; More… Range trading continues in EUR/AUD and intraday bias stays neutral. While stronger recovery might be seen, further decline is expected as long as 1.6494 resistance holds. Fall from 1.6742 is seen as the third leg of the corrective pattern from 1.7062. Break of 1.6216 will turn […]