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Daily Pivots: (S1) 151.45; (P) 152.32; (R1) 153.64; More… Intraday bias in USD/JPY stays on the upside at this point. Decisive break of 61.8% retracement of 161.94 to 139.57 at 153.39 will extend the rally from 139.57 to retest 161.94 high. On the downside, below 151.18 minor support will turn intraday bias neutral first. But […]

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15/04/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.08; (P) 163.31; (R1) 164.36; More… Intraday bias in EUR/JPY remains neutral first. On the upside, firm break of 165.33 will resume larger up trend towards 169.96 key resistance next. However, decisive break of 162.26 support will argue that it’s at least correcting the rise from 153.15, and target 38.2% retracement of […]
02/07/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8986; (P) 0.9016; (R1) 0.9057; More… Intraday bias in USD/CHF remains on the upside for the moment. Fall from 0.9223 might have completed as a three-wave corrective move to 0.8825. Sustained trading above the near term falling channel resistance will bring further rally to 0.9157 resistance next. On the downside, below 0.8977 […]
07/07/2024

EUR/AUD Weekly Outlook

EUR/AUD stayed in consolidation above 1.5996 last week and outlook is unchanged. Initial bias stays neutral this week first, but outlook will remain bearish as long as 1.6211 support turned resistance holds. On the downside, break of 1.5996 will target 100% projection of 1.6679 to 1.6211 from 1.6418 at 1.5950. Firm break there will target […]