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Daily Pivots: (S1) 160.68; (P) 161.31; (R1) 162.02; More…. EUR/JPY recovered after hitting 100% projection of 164.29 tot 161.22 from 163.77 at 160.63. Intraday bias is turned neutral first. While further decline cannot be ruled out, downside should be contained by 159.75 key support to complete the correction from 164.29. Meanwhile, break of 162.24 minor […]

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16/07/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6746; (P) 0.6767; (R1) 0.6782; More… Intraday bias in AUD/USD remains neutral and more consolidations could be seen below 0.6798. Further rally is expected as long as 0.6723 minor support holds. On the upside, above 0.6798 will resume the rally from 0.6361 and target 61.8% projection of 0.6361 to 0.6713 from 0.6619 […]
09/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3492; (P) 1.3509; (R1) 1.3519; More… Intraday bias in USD/CAD remains neutral as consolidation from 1.3439 is extending. Further decline will remain in favor as long as 1.3617 resistance holds. On the downside, break of 1.3439 and sustained trading below 61.8% retracement of 1.3091 to 1.3946 at 1.3418 will pave the way […]
16/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 147.76; (P) 148.58; (R1) 150.09; More… Immediate focus stays on 38.2% retracement of 161.94 to 141.67 at 149.41. Decisive break there will bring stronger rally to 61.8% retracement at 154.19, even as a corrective move. On the downside, break of 146.06 minor support will suggest rejection by 149.91, and turn intraday bias […]