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Daily Pivots: (S1) 1.6398; (P) 1.6456; (R1) 1.6500; More.. Intraday bias in EUR/AUD remains neutral first. On the downside, break of 1.6412 and sustained trading below 1.6439 support will argue that whole rebound from 1.6127 has completed, and turn near term outlook bearish for this support again. Nevertheless, strong rebound from current level, followed by […]

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EUR/AUD Mid-Day Outlook

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02/01/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 140.58; (P) 141.25; (R1) 141.69; More… USD/JPY continues to lose downside momentum as seen in 4H MACD. But further decline will remain in favor as long as 142.84 minor resistance holds. Current fall from 151.89 would target 136.63 fibonacci level. Nevertheless, break of 142.84 will turn bias back to the upside for […]
07/02/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2551; (P) 1.2577; (R1) 1.2624; More… Intraday bias in GBP/USD is turned neutral first with current recovery. Strong support could be seen from 1.2499 structural support to complete the correction from 1.2826. Break of 1.2628 minor resistance will turn bias back to the upside for strong rebound. However, decisive break of 1.2499 […]
23/07/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 156.37; (P) 156.99; (R1) 157.69; More… No change in USD/JPY’s outlook as range trading continues. Intraday bias stays neutral and further decline is expected with 158.85 resistance intact. Below 155.36 will target 38.2% retracement of 140.25 to 161.94 at 153.65. On the upside, above 158.85 resistance will turn bias back to the […]