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Daily Pivots: (S1) 1.6186; (P) 1.6223; (R1) 1.6297; More… Intraday bias in EUR/AUD is turned neutral first with current recovery. On the upside, break of 1.6319 resistance will now indicate short term bottoming, on bullish convergence condition in 4H MACD. Intraday bias will be back on the upside for 1.6478 resistance. Nevertheless, on the downside, […]

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EUR/JPY Daily Outlook

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29/06/2024

GBP/USD Weekly Outlook

GBP/USD’s fall from 1.2859 tied to continued last week but failed to sustain below 1.2633 resistance turned support. Still, further decline is expected as long as 1.2702 resistance holds. Sustained trading below 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and below. On the upside, however, firm […]
31/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 159.42; (P) 159.88; (R1) 160.54; More… Intraday bias in EUR/JPY stays neutral at this point, and outlook is unchanged. While deeper retreat cannot be ruled out, further rally is expected as long as 158.55 resistance turned support holds. On the upside, break of 160.91 minor resistance will argue that rise from 153.15 […]
24/04/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0656; (P) 1.0684; (R1) 1.0729; More… Outlook in EUR/USD is unchanged and intraday bias stays neutral first. Strong resistance should be seen from 1.0723 to complete the corrective rise from 1.0601. Break of 1.0601 will resume the fall from 1.1138 to 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536 next. […]