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Daily Pivots: (S1) 157.36; (P) 157.87; (R1) 158.69; More…. EUR/JPY’s break of 158.71 minor resistance suggests that fall form 163.89 has completed at 155.14 already. Rebound from there is seen as the third leg of the corrective pattern from 154.40. Intraday bias is back on the upside for 163.89, and possibly further to 61.8% retracement […]

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EUR/AUD Daily Outlook

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29/12/2023

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6137; (P) 1.6226; (R1) 1.6288; More.. EUR/AUD quickly retreated after recovery to 1.6313 and intraday bias stays neutral. On the downside, below . 1.6137 will target 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106. Meanwhile, considering bullish convergence condition in 4H MACD, firm break of 1.6313 resistance should indicate short […]
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% […]
17/03/2024

GBP/USD Weekly Outlook

GBP/USD’s decline last week indicates short term topping at 1.2892. Initial bias remains mildly on the downside this week for 55 D EMA (now at 1.2673). Firm break there will bring deeper fall to 1.2517 structural support. For now, risk will stay mildly on the downside as long as 1.2822 minor resistance holds, in case […]