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Daily Pivots: (S1) 154.15; (P) 154.84; (R1) 156.08; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged. Price actions from 160.20 are seen as a corrective pattern. On the upside break of 156.78 will resume the rise from 151.86, as the second leg, to retest 160.20 high. On the downside, below 153.59 will […]

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EUR/USD Mid-Day Outlook

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29/06/2024

EUR/AUD Weekly Outlook

EUR/AUD edged lower to 1.5996 last week but recovered since then. Initial bias remains neutral this week first, and outlook stays bearish as long as 1.6211 support turned resistance holds. On the downside, break of 1.5996 will target 100% projection of 1.6679 to 1.6211 from 1.6418 at 1.5950. Firm break there will target 1.5846 key […]
29/05/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2743; (P) 1.2772; (R1) 1.2790; More… Intraday bias in GBP/USD is turned neutral with current retreat. Some consolidations would be seen below 1.2799 temporary top. But further rise is expected as long as 1.2670 support holds. Current rally from 1.2298 should target 1.2892 resistance next. However, break of 1.2670 will indicate short […]
06/12/2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0768; (P) 1.0808; (R1) 1.0838; More… EUR/USD’s fall from 1.1016 is still in progress and intraday bias stays on the downside. Sustained break of 55 D EMA (now at 1.0770) will pave the way to retest 1.0447 support. On the upside, above 1.0846 minor resistance will turn intraday bias neutral first. But […]