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Daily Pivots: (S1) 0.6508; (P) 0.6577; (R1) 0.6640; More… AUD/USD’s break of 0.6644 resistance indicates short term bottoming at 0.6511, on bullish convergence condition in 4H MACD, after drawing support from 61.8% retracement of 0.6269 to 0.6941 at 0.6526. Intraday bias is back on the upside for 55 D EMA (now at 0.6682). Sustained break […]

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GBP/JPY Daily Outlook

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30/11/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 146.63; (P) 147.27; (R1) 147.87; More… USD/JPY’s rebound from 146.65 extended higher today, and immediate focus is on 55 4H EMA (now at 148.61). Sustained break there will argue that corrective fall from 151.89 has completed with three waves down to 146.65. Intraday bias would be back on the upside for 149.66 […]
09/03/2024

EUR/CHF Weekly Outlook

EUR/CHF edged higher to 0.9630 last week but turned sideway since then. Initial bias remains neutral this week first. As long as 0.9510 support holds, further rally is still expected. On the upside, break of 0.9630 will resume the rise from 0.9252 and target 161.8% projection of 0.9252 to 0.9471 from 0.9304 at 0.9658 next. […]
15/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2930; (P) 1.2960; (R1) 1.3019; More… No change in GBP/USD’s outlook and intraday bias remains on the upside. Rise from 1.2298 is in progress for 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which is slightly above 1.3141 key medium term resistance. On the downside, below 1.2898 minor support will […]