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EUR/JPY’s rise from 153.15 resumed by breaking 161.84 resistance last week. Initial bias remains on the upside for retesting 164.29 high next. On the downside, however, below 160.90 minor support will turn intraday bias neutral first. In the bigger picture, price actions from 164.29 medium term top are seen as a correction to rise from […]

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EUR/USD Daily Outlook

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04/03/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6499; (P) 0.6517; (R1) 0.6543; More… Intraday bias in AUD/USD remains neutral for consolidations above 0.6486 temporary low. But further decline is expected as long as 0.6594 resistance holds. On the downside, below 0.6486 will target a retest on 0.6442 first. Firm break there will resume whole decline from 0.6870. However, on […]
29/12/2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 140.50; (P) 141.16; (R1) 142.08; More… Intraday bias in USD/JPY remains on the downside for the moment. Current fall from 151.89 would target 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 another decline. In […]
08/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2773; (P) 1.2796; (R1) 1.2837; More… Rise from 1.2612 is in progress, and intraday bias in GBP/USD remains on the upside for 1.2859 resistance. Firm break there will resume the rally from 1.2298 and target 61.8% projection of 1.2298 to 1.2859 from 1.2612 at 1.2959. Decisive break there would prompt upside acceleration […]