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Daily Pivots: (S1) 1.6225; (P) 1.6270; (R1) 1.6318; More… Intraday bias in EUR/AUD remains neutral as range trading continues above 1.6216. Further decline is expected with 1.6381 resistance intact. Fall from 1.6742 is seen as the third leg of the corrective pattern from 1.7062. Break of 1.6216 will turn bias back to the downside to […]

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11/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3051; (P) 1.3079; (R1) 1.3109; More… Intraday bias in GBP/USD stays neutral first with focus on 1.3043 resistance turned support. Strong rebound will maintain near term bullishness. Further break of 1.3265 will extend recent up trend to 100% projection of 1.2298 to 1.3043 from 1.2664 at 1.3409. However, firm break of 1.3043 […]
28/06/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0658; (P) 1.0688; (R1) 1.0710; More…. Range trading continues in EUR/USD and intraday bias remains neutral. Outlook stays bearish with 1.0760 resistance intact. Decline from 1.0915 is seen as another leg in the larger corrective pattern. Firm break of 1.0667 will target 1.0601 and below. However, decisive break of 1.0760 will turn […]
05/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 151.06; (P) 151.41; (R1) 151.71; More… Intraday bias in USD/JPY is turned neutral as it recovered after dipping to 150.80. On the downside, break of 150.80 will resume the fall to 55 D EMA (now at 149.56). On the upside, however, sustained break of 151.93 key resistance will confirm long term up […]