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Daily Pivots: (S1) 183.43; (P) 183.87; (R1) 184.41; More… Intraday bias in GBP/JPY stays neutral first. On the upside, sustained break of 184.15 resistance will argue that whole pull back from 188.63 has completed and bring further rally to retest this high. However, break of 181.73 minor support will indicate rejection by 184.15, and retain […]

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16/07/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6071; (P) 1.6102; (R1) 1.6148; More… EUR/AUD rebounded strongly as consolidation from 1.5996 extends. But outlook is unchanged with 1.6211 support turned resistance intact. Intraday bias stays neutral and further decline is expected. On the downside, break of 1.5996 will resume larger fall to 1.5846 support next. In the bigger picture, fall […]
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 […]
12/09/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0991; (P) 1.1023; (R1) 1.1044; More…. Intraday bias in EUR/USD stays neutral despite current mild recovery. Focus stays on 38.2% retracement of 1.0665 to 1.1200 at 1.0996. Strong rebound from there will retain near term bullishness. Break of 1.1153 will indicate that larger rally is resuming through 1.1200 resistance to 1.1274 high. […]