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Daily Pivots: (S1) 143.52; (P) 144.35; (R1) 144.78; More… Despite weak downside momentum as seen in 4H MACD, further decline is still expected in USD/JPY with 146.47 resistance intact. Fall from 149.35 should target 141.67 low. Firm break there will resume the whole fall from 161.94 to 140.25 support next. On the upside, above 146.47 […]

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12/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8407; (P) 0.8422; (R1) 0.8430; More…. Intraday bias in EUR/GBP remains on the downside at this point. Corrective recovery form 0.8396 should have completed at 0.8498 after rejection by 55 D EMA. Deeper fall would be seen to retest 0.8396 support first. Firm break there will resume larger down trend. On the […]
25/04/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6408; (P) 1.6467; (R1) 1.6525; More… Intraday bias in EUR/AUD remains neutral at this point. On the downside, firm break of 1.6368 support will revive that case that rebound from 1.6127 has completed at 1.6742. Fall from there is seen as the third leg of the pattern from 1.7062. Deeper decline would […]
26/10/2024

GBP/USD Weekly Outlook

GBP/USD’s fall from 1.3433 extended to as low as 1.2906 last week, but formed a temporary low there and recovered. Initial bias remains neutral this week for consolidations. Further decline is expected as long as 1.3070 minor resistance holds. Below 1.2906 will target 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bearish divergence […]