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Daily Pivots: (S1) 148.26; (P) 148.97; (R1) 149.40; More… Intraday bias in USD/JPY remains on the downside for the moment. Fall from 151.89 should be resuming, and should target 147.14 support first. Further break of 61.8% projection of 151.89 to 147.14 from 149.66 at 146.72will pave the way to 100% projection at 149.91, which is […]

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15/12/2023

AUD/USD Daily Report

Daily Pivots: (S1) 0.6659; (P) 0.6694; (R1) 0.6733; More… Intraday bias in AUD/USD remains on the upside for the moment. Current development suggests that whole fall from 0.7156 has completed with three waves down to 0.6269. Further rise should be seen to 0.6894 resistance next. Meanwhile, near term outlook will stay cautiously bullish as long […]
09/03/2024

GBP/USD Weekly Outlook

GBP/USD broke through 1.2826 resistance to resume the whole rally from 1.2063. Initial bias stays on the upside this week for 61.8% projection of 1.2036 to 1.2826 from 1.2517 at 1.3005. On the downside, below 1.2800 minor support will turn intraday bias neutral first. But further rise will remain in favor as long as 55 […]
12/06/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8955; (P) 0.8974; (R1) 0.8996; More…. USD/CHF falls sharply after rejection by 0.8987 support turned resistance and 55 4H EMA. But it;s staying above 0.8880/3 support zone so far. Intraday bias remain neutral first. On the downside, sustained break of 0.8883 fibonacci level will carry larger bearish implications and bring deeper decline. […]