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AUD/USD edged lower to 0.6657 last week but recovered since then. Initial bias stays neutral this week for some more consolidations. Further decline is expected as long as 0.6758 resistance holds. Below 06657 will target 0.6621 first. Firm break there will confirm bearish reversal. However, break of 0.6758 will suggest that pullback from 0.6941 has […]

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30/09/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.10; (P) 192.03; (R1) 194.06; More… GBP/JPY’s break of 190.11 support suggests that corrective pattern from 180.00 has completed with three waves up to 195.95 already. Intraday bias is now on the downside. Deeper decline would be seen back to 183.70 support next. For now, risk will stay on the downside as […]
05/07/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8983; (P) 0.9012; (R1) 0.9031; More… USD/CHF is staying consolidation below 0.9049 and intraday bias remains neutral. Further rise is mildly in favor as long as 0.8956 support holds. Above 0.9049 will affirm the case that corrective fall from 0.9223 has completed at 0.8825. Further rally would then be seen to 0.9157 […]
15/02/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8491; (P) 0.8513; (R1) 0.8526; More… Intraday bias in EUR/GBP remains on the downside at this point. Current fall should be part of the larger down trend and should target 0.8464 projection level. For now, break of 0.8571 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in […]