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Daily Pivots: (S1) 160.12; (P) 160.89; (R1) 161.93; More…. EUR/JPY’s rally resumed after brief consolidations and intraday bias is back on the upside. Rise from 155.14, as the third leg of the corrective pattern from 154.40, should target 163.86 resistance. Break there will target 61.8% retracement of 175.41 to 154.40 at 167.38. On the downside, […]

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EUR/USD Mid-Day Outlook

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08/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2630; (P) 1.2701; (R1) 1.2789; More… Intraday bias in GBP/USD is turned neutral again with current retreat. On the upside, decisive break of 1.2826 high will resume whole rally from 1.2036. Nevertheless, another fall and break of 1.2611 will bring deeper correction to 1.2499 support instead. In the bigger picture, price actions […]
16/08/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6523; (P) 1.6635; (R1) 1.6710; More… No change in EUR/AUD’s outlook as range trading continues. Intraday bias remains neutral and further rise is in favor 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 […]
01/08/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2830; (P) 1.2847; (R1) 1.2873; More… Intraday bias in GBP/USD remains on the downside for the moment. Fall from 1.3043 is in progress. Decisive break of 55 D EMA (now at 1.2782) will suggest that rise from 1.2298 has completed with three waves up to 1.3043. Deeper fall would be seen to […]