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Daily Pivots: (S1) 147.65; (P) 148.39; (R1) 148.93; More… Intraday bias in USD/JPY remains on the upside as rebound from 139.57 low is in progress. This rally is seen as the second leg of the corrective pattern from 161.94. Break of 149.35 resistance will target 61.8% retracement of 161.94 to 139.57 at 153.39 next. On […]

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24/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 168.13; (P) 169.61; (R1) 170.38; More… EUR/JPY’s fall from 175.41 resumed after brief consolidations and dives to as low as 167.42 so far. Intraday bias is back on the downside for 38.2% retracement of 153.15 to 175.41 at 166.90. Some support could be seen there to bring rebound, on first attempt. But […]
22/08/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3028; (P) 1.3074; (R1) 1.3137; More… Intraday bias in GBP/USD remains on the upside for the moment. Decisive break of r 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124, which is close to 1.3141 high, will confirm larger up trend resumption for 100% projection at 1.3409. On the downside, below […]
02/12/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6200; (P) 1.6229; (R1) 1.6270; More… Outlook in EUR/AUD is unchanged and intraday bias stays neutral. On the upside, firm break of 1.6359 resistance will be the first sign of bullish reversal and target 1.6598 resistance for confirmation. On the downside, though, below 1.6125 minor support will bring retest of 1.5963 low. […]