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Daily Pivots: (S1) 1.2676; (P) 1.2703; (R1) 1.2739; More… No change in GBP/USD’s outlook and intraday bias remains neutral. On the downside, break of 1.2615 minor support will indicate that corrective recovery from 1.2486 has completed. Retest of this low should be seen next, and break will target 1.2298 cluster support zone. Nevertheless, break of […]

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USD/JPY Daily Outlook

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29/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 156.78; (P) 156.99; (R1) 157.40; More… Intraday bias in USD/JPY is back on the upside with breach of 157.18 temporary top. Rise from 151.86, as the second leg of the corrective pattern from 160.20, would target 100% projection of 151.86 to 156.78 from 153.59 at 158.51. On the downside, break of 156.57 […]
23/12/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6627; (P) 1.6661; (R1) 1.6717; More… Intraday bias in EUR/AUD remains neutral as consolidations continue below 1.6712. Deeper retreat could be seen, but downside should be contained by 55 4H EMA (now at 1.6553. On the upside, break of 1.6712 will resume the rally from 1.5693 to retest 1.7180 high next. In […]
22/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2636; (P) 1.2666; (R1) 1.2720; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.2793 is extending. Further rally is still expected as long as 1.2499 support holds. On the upside, firm break of 1.2793 will resume the rally from 1.2036. Next target is 61.8% projection of 1.2068 to 1.2731 from […]