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Daily Pivots: (S1) 152.80; (P) 153.33; (R1) 153.92; More… USD/JPY is extending consolidation below 153.87 temporary low and intraday bias stays neutral. Deeper retreat cannot be ruled out but further rally is expected as long as 55 D EMA (now at 148.84) holds. Sustained trading above 61.8% retracement of 161.94 to 139.57 at 153.39 will […]

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USD/JPY Daily Outlook

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23/10/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6658; (P) 0.6676; (R1) 0.6702; More… Further decline is expected in AUD/USD as long as 0.6758 resistance holds. Firm break of 0.6621 support should confirm near term bearish reversal after topping at 0.6941. However, break of 0.6758 will suggest that pullback from 0.6941 has completed and turn bias back to the upside. […]
05/06/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0853; (P) 1.0885; (R1) 1.0910; More… Intraday bias in EUR/USD is turned neutral with current retreat and some consolidations would be seen below 1.0915. Further rally is expected as long as 1.0788 support holds. Break of 1.0915 will resume the rally from 1.0601 to 61.8% projection of 1.0601 to 1.0894 from 1.0788 […]
14/09/2024

EUR/USD Weekly Outlook

EUR/USD dipped to 1.1001 last week but rebounded ahead of 38.2% retracement of 1.0665 to 1.1200 at 1.0996. Initial bias remains neutral this week first. On the upside, break of 1.1153 resistance will suggest that later rally is ready to resume and target 1.1200, and then 1.1274 high. On the downside, however, sustained break of […]