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Daily Pivots: (S1) 156.09; (P) 156.43; (R1) 156.78; More… USD/JPY’s break of 155.25 minor support argues that rebound from 151.86 has completed already. Fall from 156.78 is seen as the third leg of the corrective pattern from 160.20 high. Intraday bias is back on the downside for 151.86 support and possibly below. On the upside, […]

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14/12/2023

AUD/USD Daily Report

Daily Pivots: (S1) 0.6578; (P) 0.6625; (R1) 0.6709; More… AUD/USD’s rise from 0.6269 resumed by breaking through 0.6689 and intraday bias is back on the upside. Also, the firm break of medium term channel resistance suggests that whole fall from 0.7156 has completed with three waves down to 0.6269. Further rise should be seen to […]
24/01/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6510; (P) 1.6541; (R1) 1.6594; More… Intraday bias in EUR/AUD stays neutral at this point. Consolidation from 1.6671 could extend further. But rise from 1.6127 is expected to continue as long as 1.6398 support holds. Corrective fall from 1.7062 should have completed with three waves down to 1.6127 already. Above 1.6671 will […]
02/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2481; (P) 1.2516; (R1) 1.2564; More… Range trading continues in GBP/USD and intraday bias remains neutral. On the upside, above 1.2568 will resume the rebound from 1.2298 to 55 D EMA (now at 1.2578). Sustained break there will argue that fall from 1.2892 has completed already, and bring further rise to this […]