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Daily Pivots: (S1) 0.6347; (P) 0.6395; (R1) 0.6426; More… AUD/USD’s break of 0.6371 temporary low indicates resumption of whole fall from 0.6941. Intraday bias is back on the downside for 0.6348 support, and then 0.6269. On the upside, above 0.6470 resistance will turn intraday bias neutral first. But outlook will stay bearish as long as […]

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USD/JPY Daily Outlook

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29/08/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 143.84; (P) 144.44; (R1) 145.19; More… Intraday bias in USD/JPY is turned neutral as recovery from 143.43 extends. With 146.47 minor resistance intact, further decline is in favor. Break of 143.43 will bring retest of 141.67 low. Firm break there will resume the whole fall from 161.94 to 140.25 support next. On […]
10/09/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8449; (P) 0.8472; (R1) 0.8517; More… Intraday bias in USD/CHF stays neutral and more consolidations could be seen above 0.8374. With 0.8356 resistance intact, further decline is expected. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend […]
02/11/2024

GBP/JPY Weekly Outlook

GBP/JPY edged higher to 199.79 last week but retreat again. Initial bias stays neutral this week first for more consolations. Further rally is expected as long as 55 D EMA (now at 194.26) holds. Above 199.79 will resume the rebound from 180.00 to retest 208.09 high. However, sustained break of 55 D EMA will argue […]