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Daily Pivots: (S1) 160.14; (P) 161.17; (R1) 162.87; More...

No change in EUR/JPY's outlook as range trading continues. Intraday bias remains neutral. On the upside, above 164.16 will resume the rally from 154.77 to 164.89 resistance, and then 166.67. However, decisive break of 158.27 support will bring deeper decline back to 154.77 support. Overall, sideway consolidation pattern from 154.40 is still extending.

In the bigger picture, price actions from 175.41 are seen as correction to rally from 114.42 (2020 low). Strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 0.8492; (P) 0.8577; (R1) 0.8622; More...

EUR/GBP retreated sharply after hitting 161.8% projection of 0.8239 to 0.8448 from 0.8314 at 0.8652. Intraday bias is turned neutral again first. Some consolidations would be seen first. But outlook will stay bullish as long as 0.8472 resistance turned support holds. Sustained trading above 0.8624 key resistance will carry larger bullish implication.

In the bigger picture, the break of medium term channel resistance is a bullish signal. Down trend from 0.9267 (2022 high) could have completed at 0.8221, just ahead of 0.9201 key support (2022 low). Firm break of 0.8624 cluster resistance (38.2% retracement of 0.9267 to 0.8221 at 0.8621) will confirm this bullish case and target 61.8% retracement at 0.8867 next. Nevertheless, rejection by 0.8624 will keep medium term outlook neutral at best.

Daily Pivots: (S1) 1.7509; (P) 1.8033; (R1) 1.8319; More...

With break of 1.7957 minor support, a short term top should be formed at 1.8554 in EUR/AUD. Intraday bias is mildly on the downside for pull back to 38.2% retracement of 1.5963 to 1.8854 at 1.7750. Strong support should be seen there to bring rebound, at least on first attempt. Nevertheless break of 1.8554 is needed to confirm up trend resumption. Or, more consolidations would be seen in the near term even in case of recovery.

In the bigger picture, up trend from 1.4281 (2022 low) is in progress, and in reacceleration phase as seen in W MACD. Next target is 100% projection of 1.4281 to 1.7062 from 1.5963 at 1.8744. Firm break there will pave the way to 138.2% projection at 1.9806, which is close to 1.9799 (2020 high). Outlook will remain bullish as long as 1.7417 resistance turned support holds even in case of deep pullback.

Daily Pivots: (S1) 0.9299; (P) 0.9346; (R1) 0.9439; More....

Intraday bias in EUR/CHF is turned neutral first with current recovery. But outlook is unchanged that rise from 0.9204 has completed as a correction to 0.9660. Further decline is expected as long as 0.9486 support turned resistance holds. Below 0.9252 will turn bias back to the downside for retesting 0.9204 low next.

In the bigger picture, rejection by long-term falling channel resistance (now at 0.9600) will retain medium term bearishness. That is, down trend from 1.2004 (2018 high) is still in progress. Downside breakout through 0.9204 low would then be in favor at a later stage.

Daily Pivots: (S1) 1.0876; (P) 1.0986; (R1) 1.1057; More...

Intraday bias in EUR/USD stays neutral as consolidations continue below 1.1145. In case of deeper retreat, downside should be contained by 38.2% retracement of 1.0176 to 1.1145 at 1.0775. On the upside, above 1.1145 will resume the rally from 1.0176 to 1.1213/74 key resistance zone next.

In the bigger picture, fall from 1.1274 (2024 high) has completed as a three wave correction to 1.0176. Rise from 0.9534 ready to resume. Decisive break of 1.1274 will target 100% projection of 0.9534 to 1.1274 from 1.0176 at 1.1916. Also, that will send EUR/USD through the multi-decade channel resistance will carries larger bullish implication. This will now be the favored case as long as 1.0731 support holds.

Daily Pivots: (S1) 1.2757; (P) 1.2811; (R1) 1.2878; More...

Intraday bias in GBP/USD remains neutral as consolidations continue above 1.2706. Risk will stay on the downside with 1.2933 minor resistance intact. Break of 1.2706 will resume the decline from 1.3206 to 61.8% retracement of 1.2099 to 1.3206 at 1.2522. Nevertheless, firm break of 1.2933 will bring stronger rebound back to retest 1.3206 high.

In the bigger picture, price actions from 1.3433 are seen as a corrective pattern to the up trend from 1.3051 (2022 low). Rise from 1.2099 could be the second leg. Overall, GBP/USD should target 1.4248 key resistance (2021 high) on break of 1.3433 at a later stage.

Daily Pivots: (S1) 145.08; (P) 146.68; (R1) 149.36; More...

Intraday bias in USD/JPY is turned neutral again with current rebound. On the upside, firm break of 148.13 will confirm short term bottoming, and turn bias back to the upside for 151.20 resistance. Nevertheless, rejection by 148.13, followed by break of 143.98 will resume larger fall from 158.86 through 61.8% projection of 158.86 to 146.52 from 151.20 at 143.57

In the bigger picture, price actions from 161.94 are seen as a corrective pattern to rise from 102.58 (2021 low), with fall from 158.86 as the third leg. Strong support should be seen from 38.2% retracement of 102.58 to 161.94 at 139.26 to bring rebound. However, sustained break of 139.26 would open up deeper medium term decline to 61.8% retracement at 125.25.

Daily Pivots: (S1) 0.8431; (P) 0.8508; (R1) 0.8656; More…

Intraday bias in USD/CHF is turned neutral first with current recovery, and some consolidations would be seen. But near term outlook will stay bearish as long as 0.8673 resistance holds. Below 0.8358 will resume the fall from 0.9196 to 161.8% projection of 0.9196 to 0.8757 from 0.8854 at 0.8144. Nevertheless, firm break of 0.8673 will confirm short term bottoming, and bring stronger rebound back to 0.8757/8854 resistance zone.

In the bigger picture, rejection by 0.9223 key resistance keep medium term outlook bearish. That is, larger fall from 1.0342 (2017 high) is not completed yet. Firm break of 0.8332 (2023 low) will confirm down trend resumption. Next target is 61.8% projection of 1.0146 (2022 high) to 0.8332 from 0.9196 at 0.8075.

Daily Pivots: (S1) 1.4011; (P) 1.4142; (R1) 1.4210; More...

USD/CAD fell notably after rejection by 55 4H EMA (now at 1.4217) but stays above 1.4026 low. Intraday bias remains neutral first. On the upside, above 1.4295 will bring stronger rebound to 1.4414. Firm break there will suggest that the decline from 1.4791 has completed as a three wave correction. However, on the downside, below 1.4026 will resume the fall from 1.4791 to 1.3946/76 key support zone. Sustained break there will carry larger bearish implications.

In the bigger picture, focus is now on 1.3976 resistance turned support (2022 high), which is close to 55 W EMA (now at 1.4001). Strong rebound from there will retain medium term bullishness. That is, up trend from 1.2005 is still in progress for breaking through 1.4791 at a later stage. However, sustained break there should confirm medium term topping at 1.4791. Deeper correction would be seen to 38.2% retracement of 1.2005 (2021 low) to 1.4791 at 1.3727.

Daily Pivots: (S1) 0.5987; (P) 0.6081; (R1) 0.6249; More...

AUD/USD's rebound from 0.5913 extended higher, and it's now pressing 55 4H EMA (now at 0.6146). Sustained trading above there will should confirm short term bottoming, and bring stronger rebound towards 0.6388 resistance. Nevertheless, rejection by the EMA, followed by break of 0.6057 minor support will bring retest of 0.5913 low, and resumption of larger fall from 0.6941 at a later stage.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 0.6388 resistance holds.