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Daily Pivots: (S1) 212.26; (P) 213.37; (R1) 214.60; More...

Intraday bias in GBP/JPY remains neutral for the moment. Below 211.57 minor support will extend the corrective pattern from 214.83 with another downleg, towards 209.61 and below. But downside 38.2% retracement of 197.47 to 214.83 at 208.19 to bring rebound. Meanwhile, firm break of 214.83/98 will extend larger up trend to 220.90 projection level next.

In the bigger picture, up trend from 123.94 (2020 low) is in progress. Next target is 61.8% projection of 148.93 (2022 low) to 208.09 (2024 high) from 184.35 at 220.90. On the downside, break of 205.30 resistance turned support is needed to indicate medium term topping. Otherwise, outlook will stay bullish even in case of deep pullback.

Daily Pivots: (S1) 185.00; (P) 185.63; (R1) 186.39; More...

EUR/JPY retreated ahead of 186.86 resistance and intraday bias remains neutral first. On the downside, below 184.26 minor support will extend the corrective pattern from 186.86 with another downleg, towards 181.76. But downside should be contained by 38.2% retracement of 172.24 to 186.86 at 181.27 to bring rebound. On the upside, decisive break of 186.86 will resume larger up trend.

In the bigger picture, up trend from 114.42 (2020 low) is in progress. Upside momentum has been diminishing as seen in bearish divergence condition in D MACD. But there is not clear sign of topping yet. On resumption, next target is 78.6% projection of 124.37 to 175.41 from 154.77 at 194.88 next. Meanwhile, outlook will stay bullish as long as 55 W EMA (now at 174.22) holds, even in case of deep pullback.

Daily Pivots: (S1) 0.8673; (P) 0.8708; (R1) 0.8733; More…

EUR/GBP is still limited below 0.8744 resistance despite extended rebound. Intraday bias remains neutral first On the upside, firm break of 0.8744 resistance will argue that fall from 0.8863 has completed at 0.8611 as a correction. Further rally should be seen back to retest 0.8863 high. On the downside, sustained break of 38.2% retracement of 0.8221 to 0.8663 at 0.8618 will carry larger bearish implications and turn outlook bearish.

In the bigger picture, rise from 0.8221 medium term bottom (2024 low) is seen as a corrective move. Upside should be limited by 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Sustained trading below 55 W EMA (now at 0.8629) should confirm that this corrective bounce has completed. In this case, deeper fall would be seen back to 0.8201/21 key support zone. However, decisive break of 0.8867 will suggest that EUR/GBP is already reversing whole decline from 0.9267 (2022 high). That should pave the way back to 0.9267.

Daily Pivots: (S1) 1.6759; (P) 1.6912; (R1) 1.7000; More...

EUR/AUD is staying in range above 1.6759 and intraday bias remains neutral. Near term outlook will stay bearish as long as 1.7149 resistance holds. On the downside, break of 1.6759 and sustained trading below 1.6851 will extend larger fall to 138.2% projection of 1.8554 to 1.7245 from 1.8160 at 1.6351 next. However, break of 1.7145 will confirm short term bottoming, and turn bias back to the upside for stronger rebound.

In the bigger picture, fall from 1.8554 medium term top is still in progress. Sustained break of 38.2% retracement of 1.4281 to 1.8554 at 1.6922 will argue that it's already reversing whole up trend from 1.4281 (2022 low). Deeper fall would be seen to 61.8% retracement at 1.5913. For now, risk will stay on the downside as long as 55 D EMA (now at 1.7344) holds even in case of strong rebound.

Daily Pivots: (S1) 0.9111; (P) 0.9146; (R1) 0.9164; More....

EUR/CHF's down trend resumed by breaking through 0.9141 support and intraday bias is back on the downside. Next target is 261.8% projection of 0.9394 to 0.9268 from 0.9347 at 0.9017. On the upside, however, break of 0.9180 resistance will now indicate short term bottoming, and bring lengthier consolidations.

In the bigger picture, down trend from 0.9928 (2024 high) is still in progress with falling 55 W EMA (now at 0.9334) intact. Next target is 61.8% projection of 1.1149 to 0.9407 from 0.9928 at 0.8851. Outlook will stay bearish as long as 0.9394 resistance holds, in case of recovery.

Daily Pivots: (S1) 1.3624; (P) 1.3675; (R1) 1.3725; More...

Intraday bias in USD/CAD remains on the downside for retesting 1.3480 low. Firm break there resume larger down trend from 1.4791 to 61.8% projection of 1.4791 to 1.3538 from 1.4139 at 1.3365. On the upside, above 1.3623 minor resistance will delay the bearish case, and extend the corrective pattern from 1.3480 with another leg.

In the bigger picture, price actions from 1.4791 are seen as a corrective pattern to the whole up trend from 1.2005 (2021 low). Deeper fall could be seen as the pattern extends, to 61.8% retracement of 1.2005 to 1.4791 at 1.3069. For now, medium term outlook will be neutral at best, until there are signs that the correction has completed, or that a bearish trend reversal is confirmed.

Daily Pivots: (S1) 0.7036; (P) 0.7067; (R1) 0.7126; More...

Intraday bias in AUD/USD remains neutral with focus on 0.7093 resistance. Decisive break there will resume larger up trend. Next target is 100% projection of 0.5913 to 0.6706 from 0.6420 at 0.7213. In case of another fall as the consolidation extends, downside should be contained by 38.2% retracement of 0.6420 to 0.7093 at 0.6836.

In the bigger picture, current development argues that rise from 0.5913 (2024 low) is reversing whole down trend from 0.8006 (2021 high). Further rally should be seen to 61.8% retracement of 0.8006 to 0.5913 at 0.7206. This will remain the favored case as long as 0.6706 resistance turned support holds, even in case of deep pullback.

Daily Pivots: (S1) 1.1843; (P) 1.1885; (R1) 1.1960; More….

Intraday bias in EUR/USD remains on the upside for retesting 1.2081 high. Decisive break there and sustained trading above 1.2 psychological level will carry larger bullish implications. On the downside, however, sustained trading below 55 D EMA (now at 1.1744) will raise the chance of reversal on rejection by 1.2 psychological level, and target 1.1576 support for confirmation.

In the bigger picture, as long as 55 W EMA (now at 1.1470) holds, up trend from 0.9534 (2022 low) is still in favor to continue. Decisive break of 1.2 key psychological level will add to the case of long term bullish trend reversal. Next medium term target will be 138.2% projection of 0.9534 to 1.1274 from 1.0176 at 1.2581. However, sustained trading below 55 W EMA will argue that rise from 0.9534 has completed as a three wave corrective bounce, and keep long term outlook bearish.

Daily Pivots: (S1) 1.3622; (P) 1.3661; (R1) 1.3736; More...

Intraday bias in GBP/USD remains neutral at this point. On the upside, firm break of 1.3732 resistance will suggest that pullback from 1.3867 has completed as a correction at 1.3507. Retest of 1.3867 should be seen first. Firm break there will resume larger up trend towards 1.4284 key resistance. On the downside, however, sustained trading below 55 D EMA (now at 1.3492) will raise the chance of larger scale correction, and target 1.3342 support for confirmation.

In the bigger picture, rise from 1.0351 (2022 low) is resuming by breaking through 1.3787 high. Further rally should be seen to 1.4284 key resistance (2021 high). Decisive break there will add to the case of long term bullish trend reversal. For now, outlook will stay bullish as long as 1.3008 support holds, even in case of deep pullback.

Daily Pivots: (S1) 0.7623; (P) 0.7698; (R1) 0.7738; More….

Intraday bias in USD/CHF remains on the downside for retesting 0.7603 low. Decisive break there will resume larger down trend to 0.7382 projection level next. On the upside, though, above 0.7737 minor resistance will delay the bearish case and extend the corrective pattern from 0.7603 with another leg.

In the bigger picture, larger down trend from 1.0342 (2017 high) is still in progress. Next target is 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382. In any case, outlook will stay bearish as long as 55 W EMA (now at 0.8152) holds.