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Daily Pivots: (S1) 162.64; (P) 163.32; (R1) 164.61; More… EUR/JPY’s long term up trend resumed by breaking through 164.29 resistance. Intraday bias stays on the upside. Next near term target will be 61.8% projection of 153.15 to 163.70 from 160.20 at 166.71. On the downside, Below 163.81 minor support will turn intraday bias neutral and […]

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EUR/AUD Daily Outlook

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11/12/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 143.18; (P) 144.20; (R1) 145.89; More… While USD/JPY’s rebound from 141.59 is strong, outlook is unchanged for the moment. Upside should be limited be 147.14 support turned resistance. On the downside, below 144.80 minor support will turn bias to the downside for retesting 141.59. Break of 141.59 and sustained trading below 142.45 […]
12/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2711; (P) 1.2742; (R1) 1.2795; More… No change in GBP/USD’s outlook as range trading continues below 1.2826. On the upside, decisive break of 1.2826 high will resume whole rally from 1.2036. Nevertheless, break of 1.2611 will bring deeper correction to 1.2499 support instead. In the bigger picture, price actions from 1.3141 medium […]
09/03/2024

EUR/USD Weekly Outlook

EUR/USD’s rebound from 1.0694 extended to as high as 1.0980 last week. The development suggests that fall from 1.1138 has completed as a correction to rise from 1.0447. Initial bias stays on the upside this week for retesting 1.1138 first. On the downside, below 1.0867 minor support will turn intraday bias neutral and bring consolidations. […]