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Daily Pivots: (S1) 196.42; (P) 197.03; (R1) 197.63; More… Intraday bias in GBP/JPY is turned neutral first with a temporary top formed at 198.41. Some consolidations would be seen first, but further rally is expected as long as 193.69 support holds. Break of 198.41 will resume the rally from 180.00 towards 208.09 high. In the […]

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16/12/2023

AUD/USD Weekly Report

AUD/USD’s rise from 0.6269 resumed last week and the break of medium term falling channel suggests that whole fall from 0.7156 has completed with three waves down to 0.6269. Initial bias stays on the upside this week. Further rise should be seen to 0.6894 resistance next. Meanwhile, near term outlook will stay cautiously bullish as […]
12/07/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6736; (P) 0.6767; (R1) 0.6792; More… AUD/USD’s rally is in progress and intraday bias remains on the upside for 61.8% projection of 0.6361 to 0.6713 from 0.6619 at 0.6837. Decisive break there could prompt upside acceleration through 0.6870 resistance to 100% projection at 0.6971. On the downside, however, break of 0.6723 support […]
24/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.78; (P) 161.18; (R1) 161.60; More… Intraday bias in EUR/JPY stays neutral for consolidations below 161.81. Even in case of deep retreat, further rally is expected as long as 158.55 resistance turned support holds. On the upside, break of 161.84 will resume whole rally from 153.15 to 161.8% projection of 153.15 to […]