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Daily Pivots: (S1) 1.2551; (P) 1.2577; (R1) 1.2624; More… Intraday bias in GBP/USD is turned neutral first with current recovery. Strong support could be seen from 1.2499 structural support to complete the correction from 1.2826. Break of 1.2628 minor resistance will turn bias back to the upside for strong rebound. However, decisive break of 1.2499 […]

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29/08/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.36; (P) 160.87; (R1) 161.29; More…. EUR/JPY is still bounded in consolidations below 163.86 and intraday bias stays neutral. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second leg of the corrective pattern from 175.41. On the downside, however, firm break of […]
22/10/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6633; (P) 0.6679; (R1) 0.6704; More… AUD/USD recovered quickly after brief breach of 0.6657 and intraday bias stays neutral first. Further decline is expected as long as 0.6758 resistance holds. Below 0.6657 will target 0.6621 first. Firm break there will confirm bearish reversal. However, break of 0.6758 will suggest that pullback from […]
05/11/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8610; (P) 0.8646; (R1) 0.8676; More… Intraday bias in USD/CHF remains mildly on the downside for the moment. Fall from 0.8710 short term top would target 55 D EMA (now at 0.8614). Sustained break there will argue that the rebound form 0.8374 has completed, and bring deeper fall back to this low. […]