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Daily Pivots: (S1) 151.18; (P) 151.69; (R1) 152.47; More… USD/JPY’s break of 151.94 resistance suggests that pull back from 156.74 has completed as a correction at 148.64. That is, rise from 139.57 hasn’t completed yet. Intraday bias is back on the upside for retesting 156.74 first. Firm break there will target 161.94 high next. For […]

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16/11/2024

EUR/GBP Weekly Outlook

EUR/GBP edged lower to 0.8259 last week but recovered since then. Initial bias remains neutral this week and outlook stay bearish as long as 0.8446 resistance holds. On the downside, below 0.8306 minor support will turn bias back to the downside for 0.8259 first, and then 0.8201 key support. Nevertheless, firm break of 0.8446 will […]
18/03/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6542; (P) 1.6576; (R1) 1.6631; More… Intraday bias in EUR/AUD stays neutral at this point. On the upside, firm break of 1.6606 will retain near term bullishness and bring retest of 1.6742. Break there will resume larger rise from 1.6127. On the downside, however, decisive break of 1.6450 support will argue that […]
12/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 156.97; (P) 159.37; (R1) 161.30; More… USD/JPY recovered after falling sharply to 157.41 but further decline is expected with 160.25 support turned resistance intact. Considering bearish divergence condition in D MACD, fall from 161.49 might already be correcting the whole five-wave rally from 140.25. Sustained break of 55 D EMA (now at […]