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Daily Pivots: (S1) 1.6436; (P) 1.6506; (R1) 1.6551; More… Intraday bias in EUR/AUD is turned neutral again with current retreat. But further rally remains in favor as long as 1.6349 support holds. On the upside, decisive break of 1.6598 resistance should confirm that whole fall from 1.7180 has complete with three waves down to 1.5963. […]

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03/12/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 148.86; (P) 149.81; (R1) 150.53; More… With 151.94 minor resistance intact, further decline is expected in USD/JPY. Sustained trading below 38.2% retracement of 139.57 to 156.74 at 150.18 will argue that whole rise from 139.57 could have completed. Deeper fall should then be seen to 61.8% retracement at 146.12 next. On the […]
09/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2785; (P) 1.2815; (R1) 1.2838; More… Intraday bias in GBP/USD remains neutral for consolidation below 1.2845. Further rally is expected as long as 55 4H EMA (now at 1.2743) holds. Firm break of 1.2859 will resume the rally from 1.2298 and target 61.8% projection of 1.2298 to 1.2859 from 1.2612 at 1.2959. […]
13/05/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0757; (P) 1.0773; (R1) 1.0787; More… EUR/USD is staying below 1.0810 resistance despite today’s rise. Intraday bias remains neutral at this point. Further rally is expected as long as 55 4H EMA (now at 1.0751) holds. On the upside, above 1.0810 will resume the rebound from 1.0601 to 1.0884 resistance next. However, […]