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Daily Pivots: (S1) 141.31; (P) 142.08; (R1) 142.61; More… USD/JPY’s break of 140.94 indicates resumption of fall from 151.89. Intraday bias is now on the downside. Next target is 136.63. fibonacci level. On the upside, above 142.84 minor resistance will turn intraday bias neutral gain. But recovery should be limited below 144.94 resistance to bring […]

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03/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8548; (P) 0.8556; (R1) 0.8566; More… No change in EUR/GBP’s outlook. Intraday bias remains neutral and more consolidations would be seen above 0.8529. But further decline is expected as long as 0.8582 resistance holds. Below 0.8529 will target 0.8491/7 support zone. In the bigger picture, outlook remains bearish as EUR/GBP is capped […]
26/03/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6538; (P) 1.6569; (R1) 1.6602; More… Range trading continues in EUR/AUD and intraday bias remains neutral at this point. Near term outlook will stay cautiously bullish as long as 1.6439 support holds. On the upside, above 1.6677 will target 1.6742 first. Decisive break there will resume whole rise from 1.6127 and target […]
15/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 171.26; (P) 172.35; (R1) 173.23; More… EUR/JPY’s pull back from 175.41 short term top could extend lower. But downside should be contained by 170.87 and bring rebound, to set the range for consolidations. However, firm break of 170.87 will argue that larger correction is already underway and target 167.52 and possibly below. […]