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Daily Pivots: (S1) 1.6561; (P) 1.6584; (R1) 1.6597; More… EUR/AUD’s strong break of 1.6606 minor resistance indicates that corrective pullback from 1.6742 has completed at 1.6439. Intraday bias is back on the upside for retesting 1.6742 first. Firm break there will resume whole rise from 1.6127 and 1.6844 resistance next. For now, near term outlook […]

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USD/JPY Mid-Day Outlook

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15/02/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6460; (P) 0.6478; (R1) 0.6510; More… Intraday bias in AUD/USD is turned neutral with current recovery, and some consolidations would be seen first. But outlook will remain bearish as long as 0.6621 resistance holds. Below 0.6442 will resume the fall from 0.6870 to 61.8% projection of 0.6870 to 0.6524 from 0.6621 at […]
03/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2567; (P) 1.2663; (R1) 1.2716; More… Intraday bias in GBP/USD stays neutral first with 1.2611 support intact. On the upside, break of 1.2826 will resume whole rally from 1.2036. However, break of 1.2611 will indicate short term topping, and turn bias back to the downside for 1.2499 support. In the bigger picture, […]
21/01/2024

USD/JPY Weekly Outlook

USD/JPY’s rise from 140.25 extended to as high as 148.79 last week, then retreated mildly. Initial bias remains neutral this week for some consolidations first. Current development argues that whole pull back from 151.89 has already completed. Further rise is in favor as long as 145.97 resistance turned support holds. Above 148.79 will target 151.89/93 […]