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Daily Pivots: (S1) 0.6523; (P) 0.6546; (R1) 0.6590; More…. AUD/USD’s strong break of 55 D EMA suggests that fail from 0.6666 has completed with three waves down to 0.6480. Rise from there is now seen as the third leg of the corrective pattern from 0.6442. Intraday bias is back on the upside for 0.6633 resistance […]

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GBP/JPY Daily Outlook

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09/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2692; (P) 1.2729; (R1) 1.2786; More… GBP/USD is extending sideway trading below 1.2826 and intraday bias remains neutral. On the upside, decisive break of 1.2826 high will resume whole rally from 1.2036. Nevertheless, another fall and break of 1.2611 will bring deeper correction to 1.2499 support instead. In the bigger picture, price […]
23/04/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 164.55; (P) 164.82; (R1) 165.25; More… Range trading continues in EUR/JPY and intraday bias stays neutral. Consolidation from 165.33 could extend further. On the upside, firm break of 165.33 will resume larger up trend towards 169.96 key resistance next. However, decisive break of 162.59 will argue that it’s at least correcting the […]

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0628; (P) 1.0650; (R1) 1.0675; More… Intraday bias in EUR/USD remains neutral as range trading continues. Upside of recovery should be limited by 1.0723 support turned resistance. Break of 1.0601 will resume the fall from 1.1138 to 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536 next. In the bigger picture, […]