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Daily Pivots: (S1) 140.66; (P) 143.58; (R1) 145.08; More… Intraday bias in USD/JPY remains on the downside as fall from 146.48 is in progress for retesting 139.578. Strong support could be seen again from 139.26 fibonacci level to bring rebound. However, firm break of 139.26 will carry larger bearish implications. In the bigger picture, fall […]

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23/04/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6423; (P) 0.6439; (R1) 0.6465; More… AUD/USD’s recovery from 0.6361 continues today but stays below 0.6480 support turned resistance. Intraday bias remains neutral first. Upside is still expected to be limited by 0.6480 support turned resistance to bring another decline. On the downside, break of 0.6361 will resume the fall from 0.6870 […]
19/12/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0292; (P) 1.0402; (R1) 1.0461; More… Intraday bias in EUR/USD remains on the downside for 1.0330 support. Firm break there will target 61.8% projection of 1.0936 to 10330 from 1.0629 at 1.0254, and then 100% projection at 1.0023. On the upside, above 1.0452 will turn intraday bias neutral again first. In the […]
12/12/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2715; (P) 1.2749; (R1) 1.2784; More… No change in GBP/USD’s outlook as consolidations continue below 1.2810 temporary top. Rebound from 1.2486 short term bottom could still extend higher. But outlook will stay bearish as long as 55 D EMA (now at 1.2834) holds. On the downside, below 1.2615 minor support will bring […]