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Daily Pivots: (S1) 152.93; (P) 153.44; (R1) 154.25; More… Intraday bias in USD/JPY remains neutral as sideway trading continues below 154.70. Further rise is expected as long as 151.27 support holds. Above 154.70 will resume the rally from 139.57 towards 161.94 high. However, considering bearish divergence condition in 4H MACD, break of 151.27 will indicate […]

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11/12/2023

AUD/USD Daily Report

Daily Pivots: (S1) 0.6551; (P) 0.6585; (R1) 0.6613; More… Intraday bias in AUD/USD remains neutral for the moment. Risk will stay on the downside as long as 0.6689 resistance holds. Break of 0.6524 will resume the fall from 0.6689 short term top to 55 D EMA (now at 0.6496). Nevertheless, firm break of 0.6689 will […]
18/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 168.38; (P) 168.86; (R1) 169.76; More… Intraday bias in EUR/JPY is turned neutral with current strong rebound. On the upside break of 170.12 resistance will argue that pull back from 170.87 has completed at167.52, after drawing support from 55 D EMA. Intraday bias will be back on the upside for 170.87 and […]
25/06/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0696; (P) 1.0721; (R1) 1.0760; More…. EUR/USD is extending the consolidations from 1.0667 and intraday bias stays neutral. 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 […]