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EUR/JPY’s fall from 163.86 extended lower last week but turned sideway after hitting 155.45. Initial bias remains neutral this week first. Outlook will stay cautiously bearish as long as 160.01 support turned resistance holds. Below 155.45 will bring retest of 154.40 low first. Firm break there will resume whole decline from 1785.41 to 153.15 support, […]

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08/02/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8706; (P) 0.8730; (R1) 0.8770; More…. USD/CHF’s rally from 0.8332 resumed after brief retreat, and intraday bias is back on the upside. Further rally should be seen to 61.8% retracement of 0.9243 to 0.8332 at 0.8995 next. On the downside, break of 0.8550 support is needed to indicate completion of the rebound. […]
05/02/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8524; (P) 0.8536; (R1) 0.8551; More… Intraday bias in EUR/GBP stays neutral for the moment. Near term outlook will stay bearish as long as 0.8591 resistance holds. Below 0.8512 will resume the decline from 0.8713 to 0.8491, and then 0.8464 projection level. However, firm break of 0.8591 will turn bias back to […]
01/04/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6502; (P) 0.6517; (R1) 0.6530; More…. AUD/USD recovered after dipping to 0.6484 and intraday bias is neutral at this point. Risk will remain on the downside as long as 0.6633 resistance holds. Firm break of 0.6484 support will indicate that larger fall from 0.6870 is ready to resume, and turn bias to […]