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Daily Pivots: (S1) 144.21; (P) 144.71; (R1) 145.31; More… USD/JPY’s break of 142.89 minor support suggests that recovery fro 139.57 has completed at 146.48 already. Intraday bias is back on the downside for 139.57 low. Strong support is still expected from 139.26 to contain downside to bring another rebound. But decisive break there will carry […]

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11/11/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2870; (P) 1.2933; (R1) 1.2981; More… Intraday bias in GBP/USD remains neutral and more consolidations could be seen above 1.2833 temporary low Further decline is expected 1.3047 resistance holds. Break of 1.382 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bullish convergence condition […]
13/07/2024

EUR/AUD Weekly Outlook

EUR/AUD’s consolidation from 1.5996 continued last week and outlook is unchanged. Initial bias stays neutral this week first. While another recovery cannot be ruled out, further decline is expected as long as 1.6211 resistance holds. Break of 1.5996 will resume larger fall to 1.5846 support next. In the bigger picture, fall from 1.7062 medium term […]
15/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 152.78; (P) 153.08; (R1) 153.58; More… Intraday bias in USD/JPY remains on the upside at this point. Current up trend is in progress for 155.20 fibonacci projection level next. On the downside, below 153.37 minor support will turn intraday bias neutral and bring consolidations again, before staging another rally. In the bigger […]