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Daily Pivots: (S1) 1.6306; (P) 1.6334; (R1) 1.6375; More… Intraday bias in EUR/AUD remains on the upside as rebound from 1.6002 is in progress. Further rise should be seen to 38.2% of 1.7180 to 1.6002 at 1.6452. Decisive break there should confirm that whole fall from 1.7180 has completed with three waves down to 1.6002, […]

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EUR/USD Mid-Day Outlook

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20/02/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2560; (P) 1.2592; (R1) 1.2634; More… Range trading continues in GBP/USD and intraday bias stays neutral. On the upside, break of 1.2691 resistance will indicate that correction from 1.2826 has completed. Intraday bias will be back on the upside for retesting 1.2826. Nevertheless, decisive break of 1.2499 will argue that whole rise […]
24/06/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0669; (P) 1.0695; (R1) 1.0719; More…. Intraday bias in EUR/USD remains neutral as range trading continues above 1.0667. Further fall is expected with 1.0760 resistance intact. Decline from 1.0915 is seen as another leg in the larger corrective pattern. Break of 1.0667 will target 1.0601 and below. However, firm break of 1.0760 […]
19/07/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 155.29; (P) 156.95; (R1) 157.84; More… Intraday bias in USD/JPY remains neutral at this point. Deeper decline is still expected as long as 158.85 resistance holds. Below 155.36 will extend the fall from 161.94, as a correction to rally from 140.25, to 38.2% retracement of 140.25 to 161.94 at 163.65. On the […]