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Daily Pivots: (S1) 0.6276; (P) 0.6292; (R1) 0.6309; More… AUD/USD’s breach of 0.6252 minor support argues that corrective rebound from 0.6130 has completed at 0.6329 already. Intraday bias is now mildly on the downside for retesting 0.6130 low. On the upside, above 0.6329 will resume the rebound. But still, strong resistance is expected from 38.2% […]

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30/11/2023

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8712; (P) 0.8748; (R1) 0.8775; More…. USD/CHF recovered after hitting near term falling channel support and intraday bias is turned neutral first. Some consolidations could be seen. But risk will stay on the downside as long as 0.8886 support turned resistance holds. On the downside, break of 0.8716 temporary low will resume […]
08/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 165.82; (P) 166.19; (R1) 166.73; More… EUR/JPY’s break of 55 4H EMA (now at 166.14) suggests that pull back from 171.58 has completed at 164.01 already. Rebound from there is seen as the second leg of the corrective pattern. Intraday bias is back on the upside for 168.64 resistance. On the downside, […]
13/11/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 196.64; (P) 197.36; (R1) 197.82; More… GBP/JPY continues to trade sideway and intraday bias remains neutral. Further rally is expected as long as 55 D EMA (now at 195.05) 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 that […]