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Daily Pivots: (S1) 151.45; (P) 152.32; (R1) 153.64; More… Further rally is in favor in USD/JPY with 151.18 minor support intact, despite loss of momentum as seen in 4H MACD. Decisive break of 61.8% retracement of 161.94 to 139.57 at 153.39 will extend the rally from 139.57 to retest 161.94 high. On the downside, below […]

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31/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8414; (P) 0.8422; (R1) 0.8433; More…. Intraday bias in EUR/GBP stays neutral as consolidation from 0.8382 is still in progress. Outlook continues to stay bearish with 0.8498 resistance intact. Firm break of 0.8382 will resume larger down trend next target will be 138.2% projection of 0.8764 to 0.8497 from 0.8463 at 0.8274. […]
11/05/2024

EUR/JPY Weekly Outlook

EUR/JPY’s rebound last week suggest that pullback from 171.58 has completed at 164.01 already. Initial bias stays on the upside this week for 168.64 resistance, as the second leg of the corrective pattern from 171.58. On the downside, break of 166.73 minor support will turn bias back to the downside to start the third leg. […]
01/10/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6894; (P) 0.6918; (R1) 0.6939; More… Intraday bias in AUD/USD stays on the upside at this point, and current rally from 0.6340 should target 100% projection of 0.6348 to 0.6823 from 0.6621 at 0.7096. On the downside, below 0.6867 minor support will turn intraday bias neutral first. In the bigger picture, overall, […]