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Daily Pivots: (S1) 1.0782; (P) 1.0810; (R1) 1.0827; More… EUR/USD’s fall from 1.1213 resumed after brief consolidation and intraday bias is back on the downside. Next target is 61.8% retracement of 1.0447 to 1.1213 at 1.0740. Firm break there will target 1.0601 support next. On the upside above 1.0871 minor resistance will turn intraday bias […]

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USD/JPY Daily Outlook

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14/12/2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0800; (P) 1.0848; (R1) 1.0924; More… EUR/USD’s break of 1.0827 minor resistance suggests that pull back from 1.1016 has completed at 1.0722 already, after drawing support from 55 D EMA. Intraday bias is back on the upside for 1.1016 resistance first. Firm break there will resume whole rally from 1.0447 to retest […]
15/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 168.65; (P) 169.00; (R1) 169.61; More… Intraday bias in EUR/JPY stays on the upside at this point. Rebound from 164.01 is seen as the second leg of the corrective pattern from 171.58. Further rise should be seen to 171.58 high, but upside should be limited there. On the downside, below 167.49 minor […]
14/09/2024

AUD/USD Weekly Report

AUD/USD edged lower to 0.6621 last week but drew support from 38.2% retracement of 0.6348 to 0.6823 at 0.6642 and recovered. Upside is capped below 0.6766 resistance and initial bias stays neutral this week first. On the downside, break of 0.6621 and sustained trading 0.6642 will target 61.8% retracement at 0.6529. Nevertheless, break of 0.6766 […]