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Daily Pivots: (S1) 1.1048; (P) 1.1071; (R1) 1.1107; More…. Focus is now on 1.1104 minor resistance in EUR/USD. Firm break there will indicate that pull back from 1.1200 has completed at 1.1025, and bring further rise to retest this high. However, break of 1.1025 will extend the correction from 1.1200 instead. In the bigger picture, […]

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USD/JPY Mid-Day Outlook

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16/08/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.52; (P) 163.21; (R1) 164.47; More… Intraday bias in EUR/JPY remains on the upside for the moment. Fall from 175.41 should have completed at 154.40 already. Rise from there is seen as the second leg of the corrective pattern from 175.41. Further rally is expected to 61.8% retracement of 175.41 to 154.40 […]
06/08/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6390; (P) 0.6455; (R1) 0.6562; More… AUD?USD rebounded strongly after diving to 0.6348 but upside is capped below 0.6567 resistance so far. Intraday bias is turned neutral first, and further fall is in favor. Below 0.6434 minor support will bring retest of 0.6348 low. Firm break there will resume the decline from […]
15/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6305; (P) 1.6338; (R1) 1.6358; More… Intraday bias in EUR/AUD remains neutral for the moment. While stronger recovery might be seen, further decline is expected as long as 1.6494 resistance holds. Fall from 1.6742 is seen as the third leg of the corrective pattern from 1.7062. Break of 1.6216 will turn bias […]