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USD/JPY edged higher last week even though it continued to lose upside momentum, as seen in 4H MACD. Further rally is expected as long as 148.84 minor support holds, towards 61.8% retracement of 161.94 to 139.57 at 153.39. However, break of 148.84 will turn intraday bias neutral first. Further break of 146.48 resistance turned support […]

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30/04/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6271; (P) 1.6346; (R1) 1.6402; More… Intraday bias in EUR/AUD is turned neutral with current recovery. Further decline is expected as long as 1.6484 resistance holds. Below 1.6288 will resume the fall from 1.6742 to 1.6127 support, or further to 100% projection of 1.7062 to 1.6127 from 1.6742 at 1.5807 However, break […]
17/08/2024

USD/JPY Weekly Outlook

USD/JPY’s rebound from 141.67 extended higher last week but failed to break through 38.2% retracement of 161.94 to 141.67 at 149.41 and retreated. Initial bias remains neutral this week first. On the downside, break of 146.06 minor support will suggest rejection by 149.91, and turn intraday bias back to the downside for retesting 141.67 low. […]
01/11/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6553; (P) 0.6568; (R1) 0.6597; More… Intraday bias in AUD/USD remains neutral and more consolidations could be seen above 0.6536 temporary low. Further decline is expected as long as 55 D EMA (now at 0.6695) holds. On the downside, sustained break of 61.8% retracement of 0.6269 to 0.6941 at 0.6526 will target […]