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Daily Pivots: (S1) 1.6456; (P) 1.6492; (R1) 1.6554; More… EUR/AUD’s rebound from 1.6127 is in progress and intraday bias stays on the upside. Correction from 1.7062 should have completed with three waves down to 1.6127. Further rise should be seen to 1.6844 resistance for confirmation. On the downside, below 1.6456 minor support will turn intraday […]

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06/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 191.26; (P) 192.03; (R1) 192.72; More.. Intraday bias in GBP/JPY is turned neutral first with current recovery. On the upside, break of 55 4H EMA will bring stronger rebound back toward 197.40 resistance. On the downside, below 191.34 will resume the correction from 200.53. Sustained trading below 55 D EMA (now at […]
28/12/2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 141.31; (P) 142.08; (R1) 142.61; More… Intraday bias in USD/JPY remains neutral despite today’s decline. Sideway trading could still continue in range above 140.94. But in case of another recovery, upside should be limited by 144.94 resistance. On the downside, firm break of 140.94 will resume the whole fall from 151.89. Next […]
05/06/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 196.55; (P) 198.48; (R1) 199.73; More…. GBP/JPY recovery after diving to 197.18 support, and intraday bias is turned neutral first. Nevertheless, current development suggests that rise from 191.34 has completed at 200.72 after rejection by 200.53. On the downside, break of 197.18 will resume the fall to 155.02. Further break of 195.02 […]