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EUR/JPY’s fall from 166.67 extended last week and the late selloff suggested that a short term top was already formed. Initial bias is back on the downside this week. 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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EUR/USD Weekly Outlook

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13/03/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8521; (P) 0.8538; (R1) 0.8557; More… Intraday bias in EUR/GBP remains neutral as it’s still bounded in range trading. On the downside decisive break of 0.8491/7 support zone will confirm larger down trend resumption and target 0.8464 projection level first. Nevertheless, firm break of 0.8577 will turn bias back to the upside […]
12/01/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6648; (P) 0.6687; (R1) 0.6727; More… AUD/USD is staying in range above 0.6639 and intraday bias remains neutral. On the downside, break of 0.6639 will resume the fall from 0.6870 short term top to 0.6541 support next. On the upside, though, break of 0.6759 minor resistance will suggest that the pull back […]
01/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2623; (P) 1.2642; (R1) 1.2665; More… Intraday bias in GBP/USD stays neutral first. On the upside, firm break of 1.2702 resistance will argue that pull back from 1.2859 has completed, and bring retest of this high instead. Nevertheless, rejection by 1.2702 will keep risk on the downside. Sustained trading below 1.2633 resistance […]