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Daily Pivots: (S1) 159.53; (P) 159.80; (R1) 160.25; More… No change in EUR/JPY’s outlook. While recovery from 156.16 might extend, further decline is expected as long as 55 D EMA (now at 161.83) holds. On the downside, below 157.85 minor support will bring retest of 156.16 first. Break there will target 154.40 low next. In […]

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27/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 169.72; (P) 170.11; (R1) 170.64; More… Intraday bias in EUR/JPY remains on the upside for 61.8% projection of 164.01 to 169.38 from 167.31 at 170.62, and then 171.58 high. On the downside, break of 169.05 minor support will intraday bias neutral first. Further break of 167.31 should turn bias back to the […]
15/08/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6596; (P) 1.6648; (R1) 1.6748; More… Intraday bias in EUR/AUD remains neutral as range trading continues. Outlook stays bullish with 1.6474 support intact. On the upside, above 1.6798 minor resistance will bring retest of 1.7180 resistance first. Firm break there will resume larger up trend to 1.7715 fibonacci projection level next. However, […]
19/09/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3145; (P) 1.3221; (R1) 1.3290; More… Intraday bias in GBP/USD remains on the upside at this point. Current rally should target 61.8% projection of 1.2664 to 1.3265 from 1.3000 at 1.3371 in the near term. Firm break there will pave the way to 100% projection at 1.3601 next. On the downside, however, […]