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Daily Pivots: (S1) 1.0780; (P) 1.0809; (R1) 1.0826; More… EUR/USD is extending consolidations above 1.0760 and intraday bias stays neutral. Further decline is expected as long as 1.0871 resistance holds. Below 1.0760 will target 61.8% retracement of 1.0447 to 1.1213 at 1.0740. Firm break there will target 1.0601 support next. However, considering bullish convergence condition […]

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USD/JPY Mid-Day Outlook

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23/04/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6479; (P) 1.6556; (R1) 1.6597; More… Intraday bias in EUR/AUD remains neutral at this point. For now, further rally will remain mildly in favor as long as 1.6368 support holds. Corrective fall from 1.6742 could have completed with three waves down to 1.6368. Above 1.6678 will target a retest on 1.6742 resistance […]
10/08/2024

GBP/JPY Weekly Outlook

GBP/JPY rebounded after initial dive to 180.00 last week. While further rise cannot be ruled out, outlook will stay bearish as long as 38.2% retracement of 208.09 to 180.00 at 190.73 holds. On the downside, below 184.46 minor support will turn intraday bias back to the downside for retesting 180.00 low. Break there will resume […]
05/01/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0917; (P) 1.0944; (R1) 1.0974; More… EUR/USD’s fall from 1.1138 short term top is trying to resume by breaking 1.0892 temporary low. Intraday bias is back on the downside for 1.0722 support first. Sustained break there will argue that whole rise from 1.0447 has completed, and break deeper fall back to this […]