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Daily Pivots: (S1) 188.48; (P) 189.36; (R1) 190.49; More….. GBP/JPY recovered after dipping to 188.22 and intraday bias is turned neutral first. On the downside, below 188.22 will resume the decline from 191.29 to 38.2% retracement of 178.32 to 191.29 at 186.33. Sustained break there will raise the chance of larger reversal and target 61.8% […]

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12/04/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6361; (P) 1.6440; (R1) 1.6484; More… Intraday bias in EUR/AUD remains neutral at this point. On the downside, below 1.6368 will resume the fall from 1.6742 towards 1.6127 low. Nevertheless, break of 1.6516 will turn bias back to the upside for stronger rebound. In the bigger picture, fall from 1.7062 medium term […]
06/09/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 158.70; (P) 159.24; (R1) 159.93; More…. EUR/JPY’s fall from 163.86 continues today and intraday bias stays on the downside. Deeper fall would be seen to retest 154.40 low first. Firm break there will resume whole fall from 175.41. On the upside, above 160.01 support turned resistance will turn intraday bias neutral first. […]
11/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 168.50; (P) 168.86; (R1) 169.42; More… Range trading continues in EUR/JPY and intraday bias stays neutral. On the downside, break of 168.01 support will strengthen the case that rise from 164.31 has completed at 170.78 already. Intraday bias will be back on the downside for 167.31 support, and then 164.01. Nevertheless, break […]