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Daily Pivots: (S1) 162.08; (P) 163.31; (R1) 164.36; More… Intraday bias in EUR/JPY remains neutral first. On the upside, firm break of 165.33 will resume larger up trend towards 169.96 key resistance next. However, decisive break of 162.26 support will argue that it’s at least correcting the rise from 153.15, and target 38.2% retracement of […]

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20/12/2023

AUD/USD Daily Report

Daily Pivots: (S1) 0.6718; (P) 0.6746; (R1) 0.6792; More… AUD/USD’s rally resumed after brief retreat and intraday bias is back on the upside. As noted before, fall from 0.7156 could have completed with three waves down to 0.6269. Further rise should be seen to 0.6894 resistance first. Sustained break there will target 0.7156 next. On […]
25/03/2024

GBP/USD Weekly Outlook

GBP/USD’s fall from 1.2892 accelerated lower last week, despite interim rebound. Initial bias stays on the downside this week for 1.2517 support. Decisive break there will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish On the upside, above 1.2674 minor resistance will turn intraday bias neutral first. […]
19/12/2023

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8600; (P) 0.8624; (R1) 0.8660; More…. Intraday bias in EUR/GBP stays neutral as consolidation from 0.8548 is still extending. Further decline is expected as long as 0.8648 support turned resistance holds. On the downside, break of 0.8548 will resume the decline from 0.8764 to retest 0.8419 low next. However, sustained break of […]