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Daily Pivots: (S1) 147.57; (P) 147.97; (R1) 148.61; More… Intraday bias in USD/JPY remains neutral for consolidations below 149.11 temporary top. Further rally is expected as long as 141.63 support holds. Rise from 139.57 is seen as the second leg of the corrective pattern from 161.94. Break of 149.35 resistance will target 61.8% retracement of […]

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09/01/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6238; (P) 1.6320; (R1) 1.6377; More… Further rally remains mildly in favor in EUR/AUD, as rebound from 1.6127 short term bottom would target 1.6478 resistance. Firm break there will argue that whole correction from 1.7062 has completed, and target 1.6844 resistance for confirmation. Nevertheless, break of 1.6127 will resume the corrective fall […]
26/03/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8977; (P) 0.8986; (R1) 0.9004; More…. USD/CHF is staying in consolidation below 0.9019 temporary top and intraday bias stays neutral. Another retreat might be seen but downside should be contained by 0.8884 resistance turned support to bring rebound. Break of 0.9019 will resume larger rally from 0.8332. Next target is 100% projection […]
02/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0802; (P) 1.0826; (R1) 1.0849; More….. Further decline is expected in EUR/USD as long as 1.0869 resistance holds. Current development suggests that rebound from 1.0601 has completed with three waves up to 1.0947. Deeper decline should be seen to 1.0665 support. Firm break there will target 1.0601 support next. In the bigger […]