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Daily Pivots: (S1) 188.64; (P) 189.95; (R1) 190.68; More...

Intraday bias in GBP/JPY remains neutral as range trading continues inside 187.84/191.99.On the upside, above 191.99 will target 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from 208.09. On the downside, however, firm break of 187.84 support will argue that rebound from 180.00 has completed, and turn bias back to the downside for retesting 180.00 instead.

In the bigger picture, price actions from 208.09 are seen as a correction to whole rally from 123.94 (2020 low). Current development suggests that the first leg has completed and the range of medium term consolidation should be set between 38.2% retracement of 123.94 to 208.09 at 175.94 and 208.09.

Daily Pivots: (S1) 161.10; (P) 162.14; (R1) 162.75; More....

Intraday bias in EUR/JPY remains neutral and outlook is unchanged. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second leg of the corrective pattern from 175.41. On the downside, however, firm break of 160.57 support will suggest that the rebound from 154.40 has completed, and turn bias back to the downside for 154.40 instead.

In the bigger picture, price actions from 175.41 are seen as correction to rally from 114.42 (2020 low). Current development suggests that the first leg has completed. The range of consolidation should be seen between 38.2% retracement of 114.42 to 175.41 at 152.11 and 175.41 high.

Daily Pivots: (S1) 0.8523; (P) 0.8532; (R1) 0.8547; More....

Intraday bias in EUR/GBP remains neutral for the moment. In case of another fall, strong support should be seen from 55 D EMA (now at 0.8498), to complete the correction from 0.8624. Break of 0.8591 resistance will argue that rise from 0.8382 is ready to resume through 0.8624. However, sustained break of 55 D EMA will bring deeper fall to 61.8% retracement of 0.8382 to 0.8624 at 0.8474.

In the bigger picture, while the rebound from 0.8382 is strong, there is no confirmation of trend reversal yet. As long as 0.8643 resistance holds, down trend from 0.9267 could still resume through 0.8382 at a later stage. However, firm break of 0.8643 will indicate that such down trend has completed, and turn outlook bullish for 0.8764 resistance next.

Daily Pivots: (S1) 1.6463; (P) 1.6484; (R1) 1.6517; More...

Focus stays on 1.6474 support in EUR/AUD. Decisive break there will argue that rise from 1.5996 has completed, and dampen the larger bullish view. Intraday bias will be back on the downside for deeper fall towards 1.5996 in this case. Nevertheless, strong rebound from current level, followed by break of 1.6745 resistance, will retain near term bullishness and bring retest of 1.7180 high.

In the bigger picture, corrective fall from 1.7062 medium term top should have completed at 1.5996. Larger up trend from 1.4281 (2022 low) is resuming. Next target is 61.8% projection of 1.4281 to 1.7062 from 1.5996 at 1.7715. This will now remain the favored case as long as 1.6474 support holds. However, decisive break of 1.6474 will argue that EUR/AUD is still engaging in medium term range trading.

Daily Pivots: (S1) 0.9483; (P) 0.9526; (R1) 0.9549; More....

Intraday bias in EUR/CHF remains neutral as consolidations continues below 0.9579. Further rally is expected as long as 0.9448 support holds. Sustained break of 55 D EMA (now at 0.9584) will pave the way back to 0.9972/0.9928 resistance zone. However, decisive break of 0.9448 will suggest rejection by 55 D EMA, and turn bias back to the downside for 0.9209 low.

In the bigger picture, medium term corrective pattern from 0.9407 (2022 low) might have completed with three waves to 0.9928. Decisive break of 0.9252 (2023 low) will confirm long term down trend resumption. Next target will be 61.8% projection of 1.1149 to 0.9407 from 0.9928 at 0.8851. For now, outlook will stay bearish as long as 0.9928 resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 1.1090; (P) 1.1112; (R1) 1.1151; More.....

EUR/USD's rally is still in progress and intraday bias stays on the upside. Firm break of 1.1138 resistance will target 161.8% projection of 1.0665 to 1.0947 from 1.0776 at 1.1232. On the downside, below 1.1071 minor support will turn intraday bias neutral and bring consolidations first. But outlook will now remain bullish as long as 1.0948 support holds.

In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern that's could still extend. Break of 1.1138 resistance will be the first signal that rise from 0.9534 (2022 low) is ready to resume through 1.1274 (2023 high). However, break of 1.0776 support will extend the correction with another falling leg back towards 1.0447 support.

Daily Pivots: (S1) 144.53; (P) 145.94; (R1) 146.67; More...

Intraday bias in USD/JPY remains on the downside at this point. Rebound from 141.67 could have completed at 149.35 after rejection by 38.2% retracement of 161.94 to 141.67 at 149.41. Deeper fall would be seen to retest 141.67 low. Firm break there will resume the whole fall from 161.94 to 139.26 fibonacci level next. For now, risk will stay on the downside as long as 149.35 resistance holds, in case of recovery.

In the bigger picture, fall from 161.94 medium term is seen as correcting whole up trend from 102.58 (2021 low). Deeper decline could be seen to 38.2% retracement of 102.58 to 161.94 at 139.26, which is close to 140.25 support. In any case, risk will stay on the downside as long as 55 W EMA (now at 149.63) holds. Nevertheless, firm break of 55 W EMA will suggest that the range for medium term corrective pattern is already set.

Daily Pivots: (S1) 1.2989; (P) 1.3020; (R1) 1.3067; More...

Intraday bias in GBP/USD remains on the upside for the moment. Decisive break of 1.3043 resistance will resume whole rally from 1.2998 to 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124, which is close to 1.3141 high. On the downside, below 1.2973 minor support will turn intraday bias neutral first. But further rally is in favor as long as 55 4H EMA (now at 1.2889) holds, in case of retreat.

In the bigger picture, corrective pattern from 1.3141 might have completed at 1.2298 already. Rise from there could be resuming the larger up trend from 1.0351 (2022 low). Decisive break of 1.3141 will target 38.2% projection of 1.0351 to 1.3141 from 1.2298 at 1.3364 next. However, break of 1.2664 support will delay this bullish case once again and extend the corrective pattern from 1.3141.

Daily Pivots: (S1) 0.8507; (P) 0.8572; (R1) 0.8605; More…..

Intraday bias in USD/CHF remains on the downside at this point. Rebound from 0.8431 should have completed at 0.8747, after rejection by 38.2% retracement of 0.9223 to 0.8431 at 0.8734. Deeper fall would be seen to retest 0.8431 low first. Firm break there will resume whole decline from 0.9223 towards 0.8332. On the upside, above 0.8616 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 0.8747 resistance holds, in case of recovery.

In the bigger picture, price actions from 0.8332 (2023 low) are currently seen as a medium term corrective pattern, with fall from 0.9223 as the second leg. Strong support could be seen from 0.8332 to bring rebound. Yet, overall outlook will continue to stay bearish as long as 0.9243 resistance holds. Firm break of 0.8332, however, will resume larger down trend from 1.0146 (2022 high).

Daily Pivots: (S1) 1.3603; (P) 1.3622; (R1) 1.3639; More...

Intraday bias in USD/CAD stays on the downside for 1.3588 structural support. Strong support could be seen from there to bring reversal. On the upside, above 1.3686 minor resistance will turn intraday bias back to the upside for stronger rebound. However, decisive break of 1.3588 will argue that rise from 1.3176 has completed at 1.3946 and target 1.3477 support next.

In the bigger picture, price actions from 1.3976 (2022 high) are viewed as a corrective pattern, that might have completed at 1.3176 (2023 low) already. Firm break of 1.3976 will confirm resumption of whole up trend from 1.2005 (2021 low). Next target is 61.8% projection of 1.2401 to 1.3976 from 1.3176 at 1.4149. This will be the favored case as long as 1.3588 support holds, in case of pullback. However, firm break of 1.3588 will argue that consolidation from 1.3976 is already extending with another falling leg back towards 1.3091/3176 support zone.