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Daily Pivots: (S1) 0.6586; (P) 0.6619; (R1) 0.6641; More… While AUD/USD’s retreat from 0.6713 extends lower, it’s staying above 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579. Intraday bias remains neutral for the moment, and further rally is in favor. As noted before, fall from 0.6870 has probably completed with three waves […]

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27/07/2024

EUR/GBP Weekly Outlook

EUR/GBP’s recovery from 0.8382 extended higher last week but outlook will stay bearish as long as 0.8498 resistance holds. Initial bias remains neutral this week first. Firm break of 0.8382 will resume larger down trend. In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 0.8201 key support (2022 […]
30/04/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 164.95; (P) 168.26; (R1) 170.86; More… Intraday bias in EUR/JPY remains neutral as consolidation from 171.58 short term top is extending. Overall outlook will remain bullish as long as 165.33 resistance turned support holds. Above 171.58 will resume larger up trend to 178.39 projection level next. In the bigger picture, current rally […]
13/06/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2733; (P) 1.2796; (R1) 1.2862; More… Intraday bias in GBP/USD is turned neutral first but further rally is expected as long as 1.2687 support holds. Above 1.2869 will target 1.2892 resistance. Decisive break there will strengthen the case that correction from 1.3141 has completed, and bring further rally to retest this high. […]