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Daily Pivots: (S1) 162.73; (P) 164.07; (R1) 164.94; More…. Intraday bias in EUR/JPY stays on the downside at this point. Fall from 166.67 short term topic could extend lower. Sustained trading below 55 D EMA (now at 163.31) will argue that whole corrective rise from 154.40 has completed with three waves up to 166.67. Deeper […]

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16/12/2023

AUD/USD Weekly Report

AUD/USD’s rise from 0.6269 resumed last week and the break of medium term falling channel suggests that whole fall from 0.7156 has completed with three waves down to 0.6269. Initial bias stays on the upside this week. Further rise should be seen to 0.6894 resistance next. Meanwhile, near term outlook will stay cautiously bullish as […]
07/08/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 156.66; (P) 158.45; (R1) 159.60; More… EUR/JPY’s recovery from 154.40 extends higher today but stays below 162.87 resistance. Intraday bias remains neutral at this point, and further fall is expected. On the downside, below 157.71 minor support will turn bias back to the downside. Break of 154.40 will resume the fall from […]
08/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2592; (P) 1.2621; (R1) 1.2666; More… No change in GBP/USD’s outlook and intraday bias stays neutral. On the downside, decisive break of 1.2517/38 support zone will suggest that rise from 1.2036 has completed at 1.2892 already, and turn near term outlook bearish. On the upside, however, firm break of 1.2682 will suggest […]