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Daily Pivots: (S1) 1.6623; (P) 1.6652; (R1) 1.6708; More… EUR/AUD’s rally resumed by breaking through 1.6692 temporary top and intraday bias is back on the upside. Rise from 1.6127 should target 61.8% projection of 1.6127 to 1.6671 from 1.6450 at 1.6786. Firm break there will target 100% projection at 1.6994 next. For now, near term […]

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USD/JPY Daily Outlook

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GBP/JPY Daily Outlook

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31/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 151.86; (P) 153.54; (R1) 154.43; More… Intraday bias in USD/JPY is back on the downside with breach of 151.93 temporary low. decisive break of 151.89 resistance turned support will argue that large scale correction is underway to 148.66 fibonacci level. On the upside, break of 155.21 resistance will mix up the outlook […]
21/07/2024

GBP/USD Weekly Outlook

GBP/USD edged higher to 1.3043 last week but retreated since then. Initial bias remains neutral this week for consolidations first. Downside should be contained by 1.2859 resistance turned support to bring another rally. Break of 1.3043 will resume the rise from 1.2298 and target 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which […]
27/04/2024

EUR/USD Weekly Outlook

EUR/USD recovered further to 1.0752 last week but retreated since then. Initial bias is turned neutral this week first. On the upside, above 1.0752 will resume the rebound to 55 D EMA (now at 1.0780). On the downside, break of 1.0677 minor support will turn intraday bias to the downside for retesting 1.0601 low. In […]