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Daily Pivots: (S1) 0.8578; (P) 0.8597; (R1) 0.8632; More…. Intraday bias in EUR/GBP is turned neutral with 4H MACD crossed below signal line. Some consolidations would be seen below 0.8618 first. Downside should be contained above 0.8517 minor support to bring another rally. Above 0.8618 will resume the rise from 0.8382 to 0.8643 resistance. Decisive […]

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04/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 204.18; (P) 204.53; (R1) 205.17; More… Intraday bias in GBP/JPY remains on the upside for the moment. Firm break of 100% projection of 191.34 to 200.72 from 197.18 at 206.56 will target 138.2% projection at 210.17. On the downside, below 204.71 minor support will turn intraday bias neutral and bring consolidations. But […]
05/06/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6621; (P) 0.6660; (R1) 0.6689; More…. No change in AUD/USD’s outlook as consolidation continues below 0.6713. As long as 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) holds, further rally remains in favor. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 to 0.6870 resistance […]
07/06/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 155.01; (P) 155.75; (R1) 156.86; More…. Intraday bias in USD/JPY stays neutral for the moment and outlook is unchanged. Risk will stay on the downside as long as 157.70 resistance holds. Fall from there is seen as the third leg of the corrective pattern from 160.20. On the downside, break of 154.53 […]