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USD/JPY’s stronger than expected rebound last week suggests that correction from 156.74 has completed at 148.64. Initial bias remains on the upside this week for retesting 156.74 first. Firm break there will resume whole rally from 139.57, and target 61.8% projection of 139.57 to 156.74 from 148.64 at 159.25 next. On the downside, below 151.79 […]

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GBP/USD Weekly Outlook

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29/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2743; (P) 1.2772; (R1) 1.2790; More… GBP/USD is losing some upside momentum as seen in 4H MACD. But further rise is expected as long as 1.2670 support holds. Current rally from 1.2298 should target 1.2892 resistance next. However, break of 1.2670 will indicate short term topping, and turn bias back to the […]
19/09/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6731; (P) 0.6776; (R1) 0.6808; More… Intraday bias in AUD/USD is back on the upside with break of 0.6766 resistance. Further break of 0.6823 will confirm resumption of rally from 06348. Next target is 61.8% projection of 0.6348 to 0.6823 from 0.6621 at 0.6915. On the downside, however, below 0.6691 will turn […]
16/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2610; (P) 1.2648; (R1) 1.2725; More… Intraday bias in GBP/USD remains on the upside as rise from 1.2298 is in progress. Firm break of 1.2780 will pave the way to 1.2892 resistance next. On the downside, below 1.2624 minor support will turn intraday bias neutral first. But further rally will remain in […]