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Daily Pivots: (S1) 0.6643; (P) 0.6666; (R1) 0.6684; More… AUD/USD’s fall from 0.6823 short term top is still in progress and intraday bias stays on the downside. Decisive break of 38.2% retracement of 0.6348 to 0.6823 at 0.6642 will target 61.8% retracement at 0.6529. On the upside, though, above 0.6766 resistance will bring retest of […]

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08/01/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 183.43; (P) 183.87; (R1) 184.41; More… Intraday bias in GBP/JPY stays neutral first. On the upside, sustained break of 184.15 resistance will argue that whole pull back from 188.63 has completed and bring further rally to retest this high. However, break of 181.73 minor support will indicate rejection by 184.15, and retain […]
10/06/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 198.59; (P) 199.20; (R1) 200.01; More… Intraday bias in GBP/JPY remains neutral for the moment. On the downside, break of 197.28 will strengthen the case that rise from 191.34 has completed. Intraday bias will be back on the downside for 195.02 support first. However, decisive break of 200.72 will resume larger uptrend […]
05/12/2023

EUR/JPY Daily Outlook

Daily Pivots: (S1) 158.88; (P) 159.36; (R1) 160.02; More…. EUR/JPY’s fall from 164.29 is in progress and intraday bias stays on the downside. Sustained break of 161.8% projection of 164.29 to 161.22 from 163.70 at 158.73 will target 154.32 cluster support (38.2% retracement of 139.05 to 164.29 at 154.64). On the upside, above 159.83 minor […]