GBP/JPY Weekly Outlook

Daily Pivots: (S1) 1.0757; (P) 1.0773; (R1) 1.0787; More… Intraday bias in EUR/USD remains neutral for the moment. Further rally is expected as long as 55 4H EMA (now at 1.0747) holds. On the upside, above 1.0810 will resume the rebound from 1.0601 to 1.0884 resistance next. However, firm break of 55 4H EMA will […]

AUD/USD edged lower to 0.6479 last week but turned sideway since then. Initial bias stays neutral this week for some more consolidations. But further decline is expected as long as 0.6609 minor resistance holds. Break of 0.6479 will resume the fall from 0.6798 to 0.6361 support next. In the bigger picture, overall, price actions from […]

Daily Pivots: (S1) 0.6628; (P) 0.6650; (R1) 0.6691; More… Intraday bias in AUD/USD remains on the upside as rise from 0.6348 is in progress. Further rally would be seen to retest 0.6798 resistance next. On the downside, below 0.6569 minor support will turn bias to the downside for retreat. In the bigger picture, overall, price […]