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Daily Pivots: (S1) 1.2605; (P) 1.2704; (R1) 1.2757; More… GBP/USD’s steep decline and break of 1.2666 support indicates resumption of fall from 1.2892. Intraday bias is back on the downside for 1.2517 structural support next. Decisive break there will indicate larger bearish reversal. For now, risk will remain on the downside as long as 1.2802 […]

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GBP/JPY Daily Outlook

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07/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 169.03; (P) 169.66; (R1) 170.09; More…. Intraday bias in EUR/JPY stays neutral and outlook is unchanged. Current development suggests that rebound from 164.31 has completed at 170.81. Risk will stay on the downside as long as 170.87 resistance holds. Below 168.01 will target 167.31 support first. Break there will target 164.01 support […]
05/03/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0808; (P) 1.0825; (R1) 1.0857; More… EUR/USD is staying in consolidation below 1.0887 and intraday bias stays neutral. On the upside, break of 1.0887 and sustained trading above 55 D EMA (now at 1.0831) will affirm the case that fall from 1.1138 has completed. Stronger rally would then be seen back to […]
04/05/2024

AUD/USD Weekly Report

AUD/USD’s rebound from 0.6361 continued last week despite interim pull back. Breach of 0.6643 resistance affirms the case that fall from 0.6870 has completed with three waves down to 0.6361. Initial bias stays on the upside this week for 100% projection of 0.6361 to 0.6585 from 0.6464 at 0.6688 next. For now, risk will stay […]