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Daily Pivots: (S1) 206.68; (P) 207.25; (R1) 208.34; More… GBP/JPY recovered after diving sharply to 203.82. While deeper fall could be seen, strong support should emerge from 38.2% retracement of 191.34 to 208.09 at 201.69 to bring rebound, and set the range of consolidations below 208.09 short term top. However, sustained break of 201.69 will […]

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08/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8569; (P) 0.8577; (R1) 0.8584; More… Intraday bias in EUR/GBP stays neutral for the moment. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 has completed at 0.8601. Intraday bias will be back on the downside for retesting 0.8497 low next. On the upside, break […]
21/03/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6558; (P) 1.6607; (R1) 1.6634; More… EUR/AUD reversed after hitting 1.6677 and intraday bias is turned neutral first. Near term outlook will stay cautiously bullish as long as 1.6439 support holds. On the upside, above 1.6677 will target 1.6742 first. Decisive break there will resume whole rise from 1.6127 and target 1.6844 […]
05/11/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 151.59; (P) 152.08; (R1) 152.62; More… USD/JPY is still bounded in consolidation below 153.87 and intraday bias stays neutral. Further rally is in favor with 151.44 support intact. Sustained trading above of 61.8% retracement of 161.94 to 139.57 at 153.39 will pave the way to retest 161.94 high. However, considering bearish divergence […]