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Daily Pivots: (S1) 0.6681; (P) 0.6738; (R1) 0.6769; More… AUD/USD’s breach of 0.6696 support indicates that 0.6823 is already a short term top and deeper correction is underway. Intraday bias is now on the downside for 38.2% retracement of 0.6348 to 0.6823 at 0.6642. Break will target 61.8% retracement at 0.6529. On the upside, though, […]

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GBP/JPY Daily Outlook

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07/12/2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2536; (P) 1.2575; (R1) 1.2598; More… Intraday bias in GBP/USD stays on the downside at this point. Fall from 1.2731 short term top would target 55 D EMA (now at 1.2436). On the upside, above 1.2613 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as […]
14/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2526; (P) 1.2547; (R1) 1.2581; More… Intraday bias in GBP/USD remains neutral for the moment. Further rise is mildly in favor with 1.2445 support intact. On the upside, break of 1.2633 will resume the rally from 1.2298 to 1.2708 resistance next. However, firm break of 1.2445 will indicate that this rebound has […]
15/08/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6596; (P) 1.6648; (R1) 1.6748; More… Intraday bias in EUR/AUD remains neutral as range trading continues. Outlook stays bullish with 1.6474 support intact. On the upside, above 1.6798 minor resistance will bring retest of 1.7180 resistance first. Firm break there will resume larger up trend to 1.7715 fibonacci projection level next. However, […]