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Daily Pivots: (S1) 1.2642; (P) 1.2694; (R1) 1.2740; More… Immediate focus is now on 1.2784 minor resistance in GBP/USD. Decisive break there will suggest that consolidation pattern from 1.2826 has completed. Further rise should be seen through 1.2826 to resume the rise from 1.2036. Next target will be 1.3141 high. in case of another fall, […]

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23/01/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0877; (P) 1.0888; (R1) 1.0908; More… EUR/USD is extending the consolidation from 1.0843 temporary low, and intraday bias stays neutral. Further decline is expected as long as 1.0995 resistance holds. Below 1.0843 will target 1.0722 support next. Decisive break there will argue that whole rise from 1.0447 has completed, and target this […]
29/11/2023

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6499; (P) 1.6546; (R1) 1.6582; More… Further decline is expected in EUR/AUD with 1.6662 resistance intact. Firm break of 1.6449 support will argue that the pattern from 1.6319 has completed at 1.6844 as a corrective move, and fall from 1.7062 is ready to resume through 1.6319. On the upside, above 1.6662 minor […]
12/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 152.92; (P) 153.12; (R1) 153.48; More… Intraday bias in USD/JPY is turned neutral first with 4H MACD crossed below signal line. Some consolidations could be seen first. But further rally is expected as long as 150.80 support holds. Break of 153.37 will resume larger up trend to 155.20 fibonacci projection level next. […]