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Daily Pivots: (S1) 0.8679; (P) 0.8729; (R1) 0.8768; More…. USD/CHF’s break of 0.8722 minor support argues that recovery from 0.8665 has completed at 0.8819 already. Intraday bias is back on the downside. Firm break of 0.8665 will resume the whole fall from 0.9243 to 0.8551 key support level. On the upside, break of 0.8819 resistance […]

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GBP/USD Daily Outlook

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USD/JPY Mid-Day Outlook

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01/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0772; (P) 1.0789; (R1) 1.0810; More… EUR/USD’s fall from 1.0980 continues today and intraday bias remains on the downside. Next target is 1.0694 support. Decisive break there will resume the whole decline from 1.1138 and target 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536. For now, risk will stay on […]
08/02/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6476; (P) 1.6504; (R1) 1.6551; More… EUR/AUD is still bounded in range trading and intraday bias stays neutral. On the upside, decisive break of 1.6671 will revive the case that whole correction from 1.7062 has completed with three waves down to 1.6127. Further rally should then be seen to 1.6844 resistance for […]
01/06/2024

GBP/JPY Weekly Outlook

GBP/JPY dipped to 198.73 last week after edging higher to 200.72. But it quickly recovered. Initial bias is neutral this week first. On the upside, decisive break of 200.53/72 will confirm larger up trend resumption. On the downside, below 198.73 will turn bias to the downside for 197.07 resistance turned support instead. In the bigger […]