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Daily Pivots: (S1) 0.9050; (P) 0.9071; (R1) 0.9100; More…. USD/CHF’s rally is in progress and intraday bias stays on the upside. Current rise is in progress for 0.9243 key resistance next. On the downside, break of 0.9005 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat. In […]

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EUR/JPY Daily Outlook

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31/05/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0798; (P) 1.0822; (R1) 1.0855; More…. Focus is now on 1.0894 in EUR/USD with today’s strong bounce. Firm break there will resume whole rally from 1.0601, and target 61.8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. For now, risk will stay on the upside as long as 1.0788 support holds, […]
06/04/2024

USD/JPY Weekly Outlook

USD/JPY dipped to 150.80 last week but quickly recovered. Initial bias remains neutral this week first. On the downside, break of 150.80 will turn bias back to the downside for deeper pull back to 55 D EMA (now at 149.56). On the upside, however, sustained break of 151.93 key resistance will confirm long term up […]
06/09/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6442; (P) 1.6482; (R1) 1.6522; More… EUR/AUD is bounded in range of 1.6256/6580 and intraday bias stays neutral. With 1.6580 resistance intact, fall from 1.7180 is still in favor to continue. On the downside, break of 1.6256 support will target 1.5996 key support level next. However, decisive break of 1.6580 will turn […]