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Daily Pivots: (S1) 184.33; (P) 184.99; (R1) 185.51; More… Intraday bias in GBP/JPY stays neutral and further rally is in favor as long as 182.73 minor support holds. Corrective pull back from 188.63 should have completed. Above 186.14 will resume the rebound from 178.32 to retest 188.63. In the bigger picture, price actions from 188.63 […]

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09/10/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 147.57; (P) 147.97; (R1) 148.61; More… Intraday bias in USD/JPY remains neutral for consolidations below 149.11 temporary top. Further rally is expected as long as 141.63 support holds. Rise from 139.57 is seen as the second leg of the corrective pattern from 161.94. Break of 149.35 resistance will target 61.8% retracement of […]
05/08/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6611; (P) 1.6690; (R1) 1.6836; More… EUR/AUD surges to as high as 1.7189 so far today, and the breach of 1.7062 resistance suggests larger rally resumption. Intraday bias remains on the upside for 1.7715 fibonacci projection level next. On the downside, below 1.6770 minor support will turn intraday bias neutral and bring […]
06/05/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2491; (P) 1.2564; (R1) 1.2619; More… Intraday bias in GBP/USD remains mildly on the upside at this point. Fall from 1.2892 could have completed with three waves down to 1.2298. Further rise should be seen and break of 61.8% projection of 1.2298 to 1.2568 from 1.2471 will target 100% projection at 1.2741. […]