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Daily Pivots: (S1) 146.08; (P) 146.70; (R1) 147.80; More… USD/JPY’s rally from 140.25 continues today, and breaks through 61.8% retracement of 151.89 to 140.25 at 147.4. There is no sign of topping yet and intraday bias stays on the upside. Next target is 151.89/93 key resistance zone. On the downside, below 146.27 minor support will […]

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EUR/USD Mid-Day Outlook

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EUR/USD Mid-Day Outlook

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25/05/2024

EUR/JPY Weekly Outlook

EUR/JPY’s rise from 164.01 extended by breaking through 169.38 resistance last week. This rally is seen as the second leg of the corrective pattern from 171.58. Initial bias remains on the upside for 61.8% projection of 164.01 to 169.38 from 167.31 at 170.62, and then 171.58 high. On the downside, break of 169.05 minor support […]
01/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6368; (P) 1.6433; (R1) 1.6544; More… Intraday bias in EUR/AUD remains neutral at this point. Further decline is expected as long as 1.6484 resistance holds. Below 1.6288 will resume the fall from 1.6742 to 1.6127 support, or further to 100% projection of 1.7062 to 1.6127 from 1.6742 at 1.5807. However, break of […]
16/07/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8937; (P) 0.8955; (R1) 0.8975; More… Intraday bias in USD/CHF stays neutral first. Another fall is mildly in favor with 0.9000 resistance intact. Below 0.8914 will bring retest of 0.8825 low. However, break of 0.9000 will turn bias back to the upside for 0.9049 resistance instead. In the bigger picture, with 0.9243 […]