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Daily Pivots: (S1) 0.6376; (P) 0.6404; (R1) 0.6447; More… Intraday bias in AUD/USD remains neutral as consolidation from 0.6361 is extending. Upside of recovery should be limited by 0.6480 support turned resistance to bring another decline. On the downside, break of 0.6361 will resume the fall from 0.6870 to 100% projection of 0.6870 to 0.6442 […]

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AUD/USD Weekly Report

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GBP/JPY Daily Outlook

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10/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 194.08; (P) 194.48; (R1) 195.11; More.. GBP/JPY’s rebound from 191.34 is still in progress and intraday bias stays on the upside. This rebound is seen as the second leg of the corrective pattern. Further rise would be seen back to 197.40 resistance. On the downside, however, break of 193.82 minor support will […]
03/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.21; (P) 190.46; (R1) 190.88; More….. Further decline is expected in GBP/JPY with 191.65 minor resistance holds. Fall from 193.51 would target 187.94 structural support. On the upside, break of 191.65 minor resistance will turn bias back to the upside for retesting 193.51. In the bigger picture, current rally is part of […]
22/06/2024

AUD/USD Weekly Report

AUD/USD’s consolidation from 0.6713 continued last week and outlook is unchanged. Initial bias stays neutral this week first. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) intact. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 to 0.6870 resistance next. However, sustained […]