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Daily Pivots: (S1) 152.93; (P) 153.44; (R1) 154.25; More… USD/JPY is staying in range below 154.70 and intraday bias remains neutral. 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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09/03/2024

EUR/AUD Weekly Outlook

EUR/AUD edged higher to 1.6742 last week but fell sharply since then. Immediate focus is now on 1.6450 support this week. Decisive break there will argue that whole rebound from 1.6127 has completed with three waves up to 1.6742 already. Near term outlook will be turned bearish for 1.6127 again, to extend the whole corrective […]
19/03/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6561; (P) 1.6584; (R1) 1.6597; More… EUR/AUD’s strong break of 1.6606 minor resistance indicates that corrective pullback from 1.6742 has completed at 1.6439. Intraday bias is back on the upside for retesting 1.6742 first. Firm break there will resume whole rise from 1.6127 and 1.6844 resistance next. For now, near term outlook […]
28/12/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 141.31; (P) 142.08; (R1) 142.61; More… USD/JPY’s break of 140.94 indicates resumption of fall from 151.89. Intraday bias is now on the downside. Next target is 136.63. fibonacci level. On the upside, above 142.84 minor resistance will turn intraday bias neutral gain. But recovery should be limited below 144.94 resistance to bring […]