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EUR/AUD’s extended rebound last week suggests that corrective fall from 1.7180 has completed with three waves down to 1.6002, after drawing support from 1.5996. But as a temporary top was formed after hitting 1.6598, initial bias is turned neutral this week first. Downside of retreat should be contained by 1.6351 resistance turned support. Above 1.6598 […]

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24/07/2024

EUR/JPY Mid-Day Outlook

Daily Pivots: (S1) 168.13; (P) 169.61; (R1) 170.38; More… EUR/JPY’s fall from 175.41 accelerates lower today and it’s now pressing 38.2% retracement of 153.15 to 175.41 at 166.90. Some support could be seen from this fibonacci level, and break of 169.19 minor resistance will turn intraday bias neutral first. However, decisive break of 166.90 will […]
21/03/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 150.71; (P) 151.26; (R1) 151.80; More… Intraday bias in USD/JPY is turned neutral with current retreat, and some consolidations would be seen below 151.82. Further rise is expected as long as 55 4H EMA (now at 149.51) holds. On the upside, decisive break of 151.93 key resistance will confirm long term up […]
05/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 143.38; (P) 144.11; (R1) 145.37; More… Intraday bias in USD/JPY remains on the upside at this point. Rise from 140.25 is in progress for 61.8% retracement of 151.89 to 140.25 at 147.44, even as a corrective move. On the downside, below 144.45 minor support will turn intraday bias neutral first. But risk […]