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Daily Pivots: (S1) 160.82; (P) 161.82; (R1) 163.07; More… EUR/JPY recovered after dipping to 160.54 and intraday bias is turned neutral first. On the downside, below 160.54 will resume the fall from 163.70 to 38.2% retracement of 153.15 to 163.70 at 159.66. Sustained break there will indicate that fall from 163.70 is reversing whole rise […]

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27/06/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5995; (P) 1.6068; (R1) 1.6137; More… Intraday bias in EUR/AUD stays on the downside for the moment. Current decline is expected to continue to 100% projection of 1.6679 to 1.6211 from 1.6418 at 1.5950. Firm break there will target 1.5846 key support next. For now, risk will stay on the downside as […]
11/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2471; (P) 1.2589; (R1) 1.2659; More… No change in GBP/USD’s outlook and intraday bias stays on the downside. Decisive break of 1.2517 support will carry larger bearish implication. Next near term target will be 61.8% projection of 1.2892 to 1.2538 from 1.2708 at 1.2489. Firm break there could trigger downside acceleration to […]
01/12/2023

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6425; (P) 1.6506; (R1) 1.6567; More… EUR/AUD’s fall from 1.6844 is still in progress and intraday bias stays on the downside, with focus on 1.6449 support. Decisive break there will argue that corrective pattern from 1.6319 has completed at 1.6844. More importantly, decline from 1.17062 is ready to resume through 1.6319 next. […]