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EUR/USD’s strong rebound last week suggests that correction from 1.1200 has completed at 1.1001 already. Initial bias stays mildly on the upside this week. Decisive break of 1.1200 will resume whole rally fro 1.0665 to 1.1274 high. Firm break there will resume larger up trend. On the downside, however, break of 1.1072 will turn bias […]

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EUR/JPY Daily Outlook

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23/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 202.15; (P) 202.88; (R1) 203.86; More… Intraday bias in GBP/JPY remains on the downside for the moment. Fall from 208.09, as a correction to whole rise from 178.32, is in progress. Sustained break of 55 D EMA (now at 201.13) will target 38.2% retracement of 178.32 to 208.09 at 196.71. Nevertheless, break […]
17/06/2024

AUD/USD Mid-Day Report

Daily Pivots: (S1) 0.6590; (P) 0.6617; (R1) 0.6643; More… No change in AUD/USD’s outlook and intraday bias stays neutral. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) intact. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 to 0.6870 resistance next. However, […]
07/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9043; (P) 0.9056; (R1) 0.9076; More…. USD/CHF is staying in consolidation above 0.9005 temporary low and intraday bias stays neutral. Further decline is in favor as long as 55 4H EMA (now at 0.9101) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now at 0.8996) will […]