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Daily Pivots: (S1) 143.09; (P) 144.35; (R1) 145.00; More… USD/JPY’s fall from 149.35 resumed by breaking through 143.43 support and intraday bias is back on the downside for retesting 141.67 low. Firm break there will resume whole decline from 161.95 high, for 140.25 support next. For now, risk will stay on the downside as long […]

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09/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6280; (P) 1.6332; (R1) 1.6388; More… Intraday bias in EUR/AUD stays neutral for the moment as consolidation from 1.6216 is still extending. 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 […]
18/09/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6428; (P) 1.6464; (R1) 1.6488; More… EUR/AUD’s break of 1.6457 support argues that recovery from 1.6256 has completed at 1.6629 already. Intraday bias is back on the downside for 1.6256 support first. Firm break there will resume whole fall from 1.7180 to 61.8% projection of 1.7180 to 1.6256 from 1.6629 at 1.6058. […]
27/04/2024

USD/JPY Weekly Outlook

USD/JPY’s up trend resumed last week and accelerated to as high as 158.43. Initial bias stay on the upside this week. Next target is 138.2% projection of 140.25 to 150.87 from 146.47 at 161.14. On the downside, below 156.81 minor support will turn intraday bias neutral and bring consolidations first. In the bigger picture, current […]