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Daily Pivots: (S1) 1.6527; (P) 1.6579; (R1) 1.6662; More… Intraday bias in EUR/AUD stays on the upside at this point. As noted before, 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 1.6495 minor support will turn intraday […]

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02/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 148.42; (P) 151.16; (R1) 152.72; More… No change in USD/JPY’s outlook and intraday bias stays on the downside at this point. Strong support could be seen from 148.66 fibonacci level to bring consolidations. On the upside, above 151.93 support turned resistance will turn bias back to the upside for stronger recovery. Nevertheless, […]
07/02/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 148.33; (P) 148.62; (R1) 148.96; More… No change in USD/JPY’s outlook as intraday bias stays neutral. Focus stays on 148.79 resistance. Firm break there will resume the rally from 140.25 to 151.89/93 key resistance zone. For now, further rise will remain in favor as long as 145.88 holds, in case of retreat. […]
20/06/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 200.64; (P) 200.88; (R1) 201.35; More… Intraday bias in GBP/JPY remains neutral as consolidations continues below 201.59. Further rally is expected as long as 197.18 support holds. However, considering bearish divergence condition in 4H MACD, firm break of 197.18 will confirm short term topping, and turn bias back to the downside for […]