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EUR/AUD gyrated lower last week despite weak downside momentum. On the downside, sustained trading below 55 D EMA (now at 1.6432) will argue that rise from 1.5996 has completed. Deeper fall would then be seen back to this support. Nevertheless, strong rebound from current levels, followed by break of 1.6580 resistance, will argue that pullback […]

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AUD/USD Weekly Report

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EUR/USD Daily Outlook

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23/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 156.37; (P) 156.99; (R1) 157.69; More… Intraday bias in USD/JPY remains neutral as range trading continues above 155.36. 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 upside for […]
08/03/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.48; (P) 189.36; (R1) 190.49; More….. GBP/JPY recovered after dipping to 188.22 and intraday bias is turned neutral first. On the downside, below 188.22 will resume the decline from 191.29 to 38.2% retracement of 178.32 to 191.29 at 186.33. Sustained break there will raise the chance of larger reversal and target 61.8% […]
21/02/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2577; (P) 1.2604; (R1) 1.2623; More… Despite today’s rebound, GBP/USD is staying below 1.2691 resistance and intraday bias remains neutral first. On the upside, break of 1.2691 resistance will indicate that correction from 1.2826 has completed. Intraday bias will be back on the upside for retesting 1.2826. Nevertheless, decisive break of 1.2499 […]