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Daily Pivots: (S1) 182.94; (P) 183.45; (R1) 184.15; More… GBP/JPY’s strong rally today confirms resumption of rise from 178.32. More importantly, the decisive break of 184.15 resistance indicates that correction from 188.63 has completed already. Intraday bias is back on the upside for retesting 188.63 next. On the downside, break of 182.73 support is needed […]

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10/04/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6348; (P) 1.6400; (R1) 1.6431; More.. Intraday bias in EUR/AUD stays on the downside at this point. Break of 100% projection of 1.6742 to 1.6439 from 1.6677 at 1.6374 will pave the way to 161.8% projection at 1.6187 next. For now, risk will stay on the downside as long as 1.6503 resistance […]
20/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 168.87; (P) 169.10; (R1) 169.42; More… EUR/JPY’s rise from 1.6401 resumed by breaking 169.38 and intraday bias is back on the upside. This rally, as the second leg of the corrective pattern from 171.58, should target this high next. On the downside, break of 167.31 support should turn bias back to the […]
29/06/2024

GBP/JPY Weekly Outlook

GBP/JPY’s up trend continued last week and outlook is unchanged. Initial bias stays on the upside this week. Next target is 100% projection of 191.34 to 200.72 from 197.18 at 206.56 next. On the downside, below 202.41 minor support will turn intraday bias neutral and bring consolidations. But outlook will remain bullish as long as […]