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AUD/USD’s fall from 0.6941 continued last week and the break of 0.6621 resistance suggest near term bearish reversal. Initial bias stays on the downside this week for 61.8% retracement of 0.6269 to 0.6941 at 0.6526 next. On the upside, above 0.6694 minor resistance will turn intraday bias neutral and bring consolidations first. In the bigger […]

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EUR/USD Mid-Day Outlook

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EUR/AUD Weekly Outlook

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08/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 151.04; (P) 151.40; (R1) 151.98; More… No change in USD/JPY’s outlook as range trading continues. Intraday bias remains neutral at this point. On the downside, break of 150.80 will turn bias back to the downside for deeper pull back to 55 D EMA (now at 149.65). On the upside, however, sustained break […]
05/12/2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2582; (P) 1.2654; (R1) 1.2703; More… GBP/USD is still bounded in range of 1.2590/2731 and intraday bias remains neutral. On the upside, decisive break of 1.2731 will resume the rally from 1.2036 for retesting 1.3141 high next. However, firm break of 1.2590 will confirm short term topping, and turn bias back to […]
13/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8592; (P) 0.8602; (R1) 0.8609; More… Intraday bias in EUR/GBP remains neutral for the moment. On the downside, below 0.8585 minor support will argue that rebound from 0.8529 has completed, and larger fall might be ready to resume. Intraday bias will be back on the downside for 0.8529 support first. In the […]