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Daily Pivots: (S1) 1.0858; (P) 1.0907; (R1) 1.0932; More… EUR/USD’s break of 55 4H EMA (now at 1.0900) indicates short term topping at 1.0980. Intraday bias is back on the downside for 1.0797 support. Firm break there will argue that rebound from 1.0694 has completed and bring retest of this low. For now, risk will […]

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18/06/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6592; (P) 0.6606; (R1) 0.6626; More… AUD/USD recovered ahead of 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579), but stays well below 0.6713 resistance. Intraday bias remains neutral first. Further rally remains in favor with 0.6578 intact. On the upside, firm break of 0.6713 will resume whole rise from […]
14/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 167.83; (P) 168.24; (R1) 168.98; More… Intraday bias in EUR/JPY stays on the upside at this point. Rebound from 164.01 is seen as the second leg of the corrective pattern from 171.58. Firm break of 168.64 will target 171.58 high. On the downside, below 167.49 minor support will turn intraday bias neutral […]
15/02/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 150.33; (P) 150.61; (R1) 150.86; More… Intraday bias in USD/JPY stays neutral as consolidation from 150.87 is extending. Downside of consolidation should be contained by 148.79 resistance turned support to bring another rally. Above 150.87 will resume the rise from 140.25 to 151.89/93 key resistance zone. Decisive break there will confirm larger […]