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Daily Pivots: (S1) 145.40; (P) 147.59; (R1) 148.76; More… USD/JPY’s decline accelerates further to as low as 142.17 so far today There is no sign of bottoming yet. Intraday bias stays on the downside for 140.25 support next. On the upside, above 146.40 minor resistance will turn intraday bias neutral and bring consolidations first, before […]

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29/11/2023

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.37; (P) 163.04; (R1) 163.55; More…. EUR/JPY’s break of 162.42 minor support suggest that rebound from 161.22 has completed. Intraday bias is back on the downside to extend the corrective pattern from 164.29, with a third leg. Deeper fall should be seen through 161.22 to 100% projection of 164.29 tot 161.22 from […]
22/02/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6468; (P) 1.6501; (R1) 1.6546; More… Range trading continues in EUR/AUD and intraday bias remains neutral for the moment. 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 […]
24/01/2024

EUR/GBP Mid-Day Outlook

Daily Pivots: (S1) 0.8550; (P) 0.8568; (R1) 0.8580; More… EUR/GBP’s break of 0.8548/54 indicates down trend resumption. Intraday bias is back on the downside. Next target is 0.8491 low, and then 0.8464 projection level. On the upside, above 0.8591 minor resistance will turn intraday bias neutral and bring consolidations again. In the bigger picture, fall […]