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Daily Pivots: (S1) 0.6791; (P) 0.6850; (R1) 0.6881; More… With current retreat, a temporary top is in place at 0.6907 in AUD/USD, just ahead of 61.8% projection of 0.6348 to 0.6823 from 0.6621 at 0.6915. Intraday bias is turned neutral for consolidations first. While deeper retreat cannot be ruled out, outlook will stay bullish as […]

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14/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 155.74; (P) 156.00; (R1) 156.47; More… Intraday bias in USD/JPY stays mildly on the upside at this point. Rebound from 151.86, as the second leg of the corrective pattern from 160.20, is in progress for 157.98 resistance. On the downside, break of 155.25 minor support will suggest that the third leg has […]
01/04/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 163.01; (P) 163.23; (R1) 163.51; More… EUR/JPY dips further to 162.92 but recovered since then. Intraday bias stays neutral first. On the downside, below 162.92 will resume the decline from 165.33 short term opt, and target 160.20 structural support next. On the upside, however, break of 164.40 minor resistance will bring retest […]
20/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2681; (P) 1.2708; (R1) 1.2747; More… Intraday bias in GBP/USD is turned neutral with 4H MACD crossed above signal line. Some consolidations would be seen but deeper decline is in favor as long as 1.2822 resistance holds. On the downside, sustained break of 55 D EMA (now at 1.2677) will target 1.2517 […]