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Daily Pivots: (S1) 0.6549; (P) 0.6562; (R1) 0.6572; More… AUD/USD’s fall from 0.6666 is in progress and intraday bias stays on the downside for 0.6476 support. Break there will argue that decline from 0.6870 is ready to resume through 0.6442 low. On the upside, break of 0.6583 minor resistance will turn intraday bias neutral first. […]

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EUR/AUD Daily Outlook

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GBP/JPY Daily Outlook

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GBP/JPY Daily Outlook

Daily Pivots: (S1) 189.55; (P) 189.86; (R1) 190.17; More….. GBP/JPY’s rally from 187.94 accelerates higher today and intraday bias stays on the upside. Decisive break of 191.29 will confirm resumption of larger up trend. Next near term target will be 61.8% projection of 178.32 to 191.29 from 187.94 at 195.95, which is close to 195.86 […]
24/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8578; (P) 0.8611; (R1) 0.8630; More… Intraday bias in EUR/GBP is turned neutral first with current retreat. On the upside, decisive break of medium term trend line resistance (now at 0.8649) will solidify the bullish case of trend reversal, and target 0.8764 resistance next. However, sustained break of 55 4H EMA (now […]
02/12/2023

GBP/JPY Weekly Outlook

GBP/JPY retreated after edging higher to 188.26 last week. Initial bias stays neutral this week for consolidations first. But near term outlook will remain bullish as long as 184.44 support holds. Break of 188.63 will resume larger up trend. In the bigger picture, as long as 184.44 support holds, larger up trend from 123.94 (202 […]