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AUD/USD’s pull back from 0.6713 extended lower last week but stayed above 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579. Initial bias remains neutral this week first, and further rally is in favor. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 to 0.6870 resistance next. However, firm […]

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06/12/2023

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8563; (P) 0.8575; (R1) 0.8586; More…. Despite some loss of downside momentum, there is no sign of bottoming yet. Intraday bias stays on the downside. Fall from 0.8764 should target a retest on 0.8491 low. Firm break there will resume larger down trend. On the upside, above 0.8587 minor resistance will turn […]
11/01/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9317; (P) 0.9331; (R1) 0.9349; More… No change in EUR/CHF’s outlook as consolidation from 0.9252 is still in progress. While stronger recovery cannot be ruled out, outlook will stay bearish as long as 0.9402 support turned resistance holds. On the downside, break of 0.9252 will resume larger down trend to 100% projection […]
08/12/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 141.43; (P) 144.38; (R1) 147.10; More… Intraday bias in USD/JPY is turned neutral wit h break of 144.53 minor resistance and some consolidations would be seen. But recovery should be limited below 147.14 support turned resistance to bring another fall. On the downside, break of 141.59 and sustained trading below 142.45 fibonacci […]