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USD/JPY turned sideway after edging higher to 157.70 last week. Initial bias remains neutral this week first. Decisive break of 156.36 will confirm short term topping at 157.70, on bearish divergence condition in 4 H MACD. Intraday bias will be back on the downside for 153.59 support. Firm break there will target 151.86 and below […]

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23/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2303; (P) 1.2347; (R1) 1.2395; More… Intraday bias in GBP/USD is turned neutral first with current recovery, and some consolidations would be seen first. Upside of recovery should be limited by 1.2538 support turned resistance. On the downside, below 1.2298 will resume the fall from 1.2892 to 1.2036 support next. In the […]
24/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6337; (P) 1.6359; (R1) 1.6394; More… Breach of 1.6381 resistance suggests short term bottoming at 1.6211. Intraday bias is back on the upside for recovery to 55 D EMA (now at 1.6411) and above. On the downside, though, below 1.6322 minor support will bring retest of 1.6211 support instead. In the bigger […]
29/11/2023

EUR/GBP Mid-Day Outlook

Daily Pivots: (S1) 0.8659; (P) 0.8674; (R1) 0.8689; More…. Intraday bias in EUR/GBP remains on the downside for 0.8648 support. Decisive break there will argue that whole rise from 0.8491 has completed and turn near term outlook bearish. Nevertheless, break of 0.8706 minor resistance will retain near term bullishness and bring retest of 0.8764 instead. […]