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Daily Pivots: (S1) 1.0933; (P) 1.0946; (R1) 1.0967; More… Intraday bias in EUR/USD remains neutral at this point. Consolidation pattern from 1.0964 could still extend further. But after all. further rally is in favor as long as 1.0823 support holds. Sustained break of 61.8% retracement of 1.1274 to 1.0447 at 1.0958 will resume the rise […]

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GBP/JPY 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 […]
28/06/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6046; (P) 1.6081; (R1) 1.6135; More… Intraday bias in EUR/AUD is turned neutral first with current recovery. Some more consolidations could be seen first, but outlook will stay bearish as long as 1.6211 resistance holds. Below 1.5996 will target 100% projection of 1.6679 to 1.6211 from 1.6418 at 1.5950. Firm break there […]
09/03/2024

EUR/AUD Weekly Outlook

EUR/AUD edged higher to 1.6742 last week but fell sharply since then. Immediate focus is now on 1.6450 support this week. Decisive break there will argue that whole rebound from 1.6127 has completed with three waves up to 1.6742 already. Near term outlook will be turned bearish for 1.6127 again, to extend the whole corrective […]