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Daily Pivots: (S1) 0.6633; (P) 0.6679; (R1) 0.6704; More… AUD/USD recovered quickly after brief breach of 0.6657 and intraday bias stays neutral first. Further decline is expected as long as 0.6758 resistance holds. Below 0.6657 will target 0.6621 first. Firm break there will confirm bearish reversal. However, break of 0.6758 will suggest that pullback from […]

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GBP/JPY Daily Outlook

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07/11/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8666; (P) 0.8720; (R1) 0.8820; More… Intraday bias in USD/CHF stays on the upside at this point. Current rise from 0.8374 should target 61.8% retracement of 0.9223 to 0.8374 at 0.8899 next. For now, near term outlook will stay bullish as long as 0.8614 support holds, in case of retreat. In the […]
27/01/2024

GBP/JPY Weekly Outlook

GBP/JPY edged higher to 188.90 last week but retreated since then. Initial bias remains neutral this week first. Further rally is expected as long as 186.14 support holds. Break of 188.90, and sustained trading above 188.63, will confirm up trend resumption. Next target is 38.2% projection of 155.33 to 188.63 from 178.32 at 191.04. However, […]
09/05/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6557; (P) 0.6580; (R1) 0.6602; More… Intraday bias in AUD/USD remains neutral at this point. Further rise is in favor as long as 55 4H EMA (now at 0.6562) holds. Above 0.6645 will resume the rebound from 0.6361. On the downside, however, firm break of 55 4H EMA will bring deeper fall […]