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Daily Pivots: (S1) 154.86; (P) 155.33; (R1) 155.71; More… USD/JPY dipped notably today but stays above 153.70 temporary low and intraday bias remains neutral. On the downside, firm break of 153.70 will resume the fall from 158.86 to 38.2% retracement of 139.57 to 158.86 at 151.49. Nevertheless, break of 156.74 resistance will indicate that fall […]

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EUR/USD Mid-Day Outlook

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07/01/2024

EUR/AUD Weekly Outlook

EUR/AUD’s rebound last week indicates short term bottoming at 1.6127, on bullish convergence condition in 4H MACD. Initial bias is mildly on the upside this week for 1.6478 resistance. Firm break there will argue that whole correction from 1.7062 has completed, and target 1.6844 resistance for confirmation. Nevertheless, break of 1.6127 will resume the corrective […]
09/12/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2704; (P) 1.2758; (R1) 1.2793; More… Intraday bias in GBP/USD remains neutral for the moment. Rebound from 1.2486 short term bottom could still extend higher. But outlook will stay bearish as long as 55 D EMA (now at 1.2846) holds. On the downside, below 1.2615 minor support will bring retest of 1.2486 […]
05/06/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8867; (P) 0.8919; (R1) 0.8954; More…. Intraday bias in USD/CHF is turned neutral with 4H MACD crossed above signal line. Strong rebound from current level, followed by break of 0.8987 support turned resistance, will suggest that correction from 0.9223 has completed, and retain near term bullishness. However, sustained break of 0.8883 fibonacci […]