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Daily Pivots: (S1) 156.09; (P) 156.43; (R1) 156.78; More… USD/JPY continues to lose upside momentum as seen in 4H MACD. But further rise could still be seen with 155.25 support intact. Rebound from 151.86, as the second leg of the corrective pattern from 160.20, is in progress for 157.98 resistance. On the downside, break of […]

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22/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2689; (P) 1.2708; (R1) 1.2729; More… GBP/USD’s rally from 1.2298 continues today and intraday bias stays on the upside. Further rally should be seen to 100% projection of 1.2298 to 1.2633 from 1.2445 at 1.2780. Firm break there will target 1.2892 resistance next. On the downside, below 1.2685 minor support will turn […]
27/08/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6453; (P) 1.6485; (R1) 1.6514; More… Intraday bias in EUR/AUD remains neutral and outlook is unchanged. On the downside, sustained trading below 55 D EMA (now at 1.6435) will argue that rise from 1.5996 has completed at 1.7180 Deeper fall would then be seen back to this support. Nevertheless, strong rebound from […]
10/01/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0906; (P) 1.0936; (R1) 1.0961; More… Intraday bias in EUR/USD remains neutral as range trading continues. On the downside break of 1.0876 will resume the fall from 1.1138 short term top to 1.0722 support next. However, break of 1.0997 will turn bias back to the upside for retesting 1.1138 high instead. In […]