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Daily Pivots: (S1) 159.20; (P) 160.40; (R1) 161.09; More… EUR/JPY’s decline continues today and breached 155.91 fibonacci level. There is no sign of bottoming yet and intraday bias remains on the downside. Next target is 153.15 support. On the upside, above 159.69 minor resistance will turn intraday bias neutral and bring consolidations first, before staging […]

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EUR/AUD Daily Outlook

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15/01/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9319; (P) 0.9342; (R1) 0.9359; More… No change in EUR/CHF’s outlook as consolidation from 0.9252 is extending. Intraday bias remains neutral and outlook stays bearish with 0.9402 support turned resistance intact. On the downside, break of 0.9252 will resume larger down trend to 100% projection of 0.9995 to 0.9416 from 0.9683 at […]
03/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 152.37; (P) 154.33; (R1) 155.60; More… Intraday bias in USD/JPY remains on the downside as fall from 160.20 is in progress. As a correction to rise from 146.47, deeper decline would be seen to 55 D EMA (now at 152.25), and possibly further to 61.8% retracement of 146.47 to 160.20 at 151.71. […]
24/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8502; (P) 0.8515; (R1) 0.8529; More… Further decline is still in favor with 0.8540 minor resistance intact. Firm break of 0.8491/7 support zone will confirm larger down trend resumption. Next target is 0.8376 projection level next. On the upside though, above 0.8540 minor resistance will delay the bearish case and turn intraday […]