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EUR/USD’s recovery from 1.0760 short term bottom extended higher last week but retreated after hitting 1.0904. Initial bias is turned neutral this week first. More consolidation could be seen above 1.0760 and another rise cannot be ruled out. But upside should be limited by 55 D EMA (now at 1.0941). On the downside, sustained break […]

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USD/JPY Weekly Outlook

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27/01/2024

AUD/USD Weekly Report

AUD/USD stayed in consolidation above 0.6524 last week and outlook is unchanged. Initial bias remains neutral this week and further fall is expected. On the downside, firm break of 0.6524 support will argue that whole rebound from 0.6269 has completed, and bring deeper fall to this support. On the upside, break of 0.6639 will turn […]
29/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 152.96; (P) 153.85; (R1) 154.59; More… Intraday bias in USD/JPY remains neutral for consolidation above 151.93. Further decline is expected as long as 155.36 support turned resistance holds. On the downside, decisive break of 151.89 resistance turned support will argue that large scale correction is underway to 148.66 fibonacci level. Nevertheless, break […]
19/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 147.00; (P) 148.20; (R1) 148.83; More… USD/JPY’s break of 146.06 support argues that rebound from 141.67 has completed at 149.35 already, after rejection by 38.2% retracement of 161.94 to 141.67 at 149.41. Intraday bias is back on the downside for retesting 141.67. Firm break there will resume the whole fall from 161.94 […]