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Daily Pivots: (S1) 1.2488; (P) 1.2566; (R1) 1.2614; More… Intraday bias in GBP/USD remains on the downside at this point. Strong Support could be seen from 1.2499 structural support. Break of 1.2628 minor resistance will turn bias back to the upside for rebound. However, decisive break of 1.2499 will argue that whole rise from 1.2036 […]

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31/01/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6577; (P) 0.6601; (R1) 0.6626; More… AUD/USD dips notably today but still stays in range of 0.6524/6639. Intraday bias remains neutral and further fall is still expected. On the downside, firm break of 0.6524 support will argue that whole rebound from 0.6269 has completed, and bring deeper fall to this support. On […]
05/06/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 196.55; (P) 198.48; (R1) 199.73; More…. GBP/JPY recovery after diving to 197.18 support, and intraday bias is turned neutral first. Nevertheless, current development suggests that rise from 191.34 has completed at 200.72 after rejection by 200.53. On the downside, break of 197.18 will resume the fall to 155.02. Further break of 195.02 […]
21/03/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 164.21; (P) 164.79; (R1) 165.77; More… Intraday bias in EUR/JPY remains on the upside for the moment. Current rally should target 61.8% projection of 153.15 to 163.70 from 160.20 at 166.71. On the downside, Below 163.81 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally. In […]