Sample Category Title

Daily Pivots: (S1) 209.29; (P) 210.26; (R1) 210.89; More...

No change in GBP/JPY's outlook and intraday bias stays on the downside. Corrective pattern from 214.98 should be in the third leg. Deeper decline would be seen to 209.15. Firm break there will target 207.20 and below. On the upside, above 211.20 minor resistance will turn bias neutral first. But risk will stay on the downside as long as 213.29 resistance holds, in case of recovery.

In the bigger picture, up trend from 123.94 (2020 low) is still in progress. Firm break of 214.98 will target 61.8% projection of 148.93 (2022 low) to 208.09 (2024 high) from 184.35 at 220.90. This will remain the favored case as long as 55 W EMA (now at 203.13) holds, even in case of another deep pullback.

Daily Pivots: (S1) 182.92; (P) 183.28; (R1) 183.74; More...

Intraday bias in EUR/JPY is turned neutral again with current recovery. On the downside, firm break of 181.85 support should confirm that the correction from 186.86 is already in the third leg. Deeper fall should be seen to 180.78 and below. For now, risk will stay on the downside as long as 184.86 resistance holds.

In the bigger picture, a medium term top could be in place at 186.86 and some more consolidations would be seen. Nevertheless, as long as 55 W EMA (now at 175.93) holds, the larger up trend from 114.42 (2020 low) remains intact. Firm break of 186.86 will pave the way to 78.6% projection of 124.37 (2022 low) to 175.41 (2025 high) from 154.77 at 194.88 next.

Daily Pivots: (S1) 0.8693; (P) 0.8718; (R1) 0.8760; More…

Intraday bias in EUR/GBP remains on the upside as rebound from 0.8610 support extends. Further rally should be seen to 0.8788 resistance. Firm break there should confirm completion of the correction from 0.8863, and bring retest of this high. On the downside, below 0.8675 support will turn bias neutral first.

In the bigger picture, strong support was seen again from 38.2% retracement of 0.8821 to 0.8863 at 0.8618. Break of 0.8788 resistance will argue that larger rise from 0.8221 might be resume to resume through 0.8863. Nevertheless, sustained trading below 0.8618 should confirm reversal, and bring deeper fall to 61.8% retracement at 0.8466 at least.

Daily Pivots: (S1) 1.6668; (P) 1.6757; (R1) 1.6833; More...

EUR/AUD edged higher to 1.6842 but quickly retreated. Intraday bias remains neutral first. On the upside, above 1.6842 will extend the rebound from 1.6125 to 38.2% retracement of 1.8554 to 1.6125 at 1.7053. However, break of 1.6561 minor support will argue that the rebound has completed, after rejection by 55 D EMA (now at 1.6754). Retest of 1.6125 low should be seen next.

In the bigger picture, fall from 1.8554 medium term top is seen as reversing the whole up trend from 1.4281 (2022 low). Deeper decline should be seen to 61.8% retracement of 1.4281 to 1.8554 at 1.5913, which is slightly below 1.5963 structural support. Decisive break there will pave the way back to 1.4281. For now, risk will stay on the downside as long as 55 W EMA (now at 1.7226) holds, even in case of strong rebound.

Daily Pivots: (S1) 0.9160; (P) 0.9213; (R1) 0.9289; More....

EUR/CHF's rebound from 0.8979 resumed by breaking through 0.9198 temporary top. Intraday bias is back on the upside. Sustained trading above 61.8% retracement of 0.9394 to 0.8979 at 0.9235 will pave the way to 0.9394 key resistance next. On the downside, below 0.9155 minor support will turn intraday bias neutral first.

In the bigger picture, as long as 55 W EMA (now at 0.9286) holds, the larger down trend from 0.9928 (2024 high) is still expected to continue through 0.8979 at a later stage. However, sustained break of 55 W EMA should confirm medium term bottoming, and bring stronger rise through 0.9394 resistance, even as a corrective move.

Daily Pivots: (S1) 1.1479; (P) 1.1521; (R1) 1.1596; More….

EUR/USD rebounded higher today but it's still seen as in consolidations from 1.1408. Intraday bias remains neutral, and further decline is expected with 1.1666 cluster resistance (38.2% retracement of 1.2081 to 1.1408 at 1.1665) intact. On the downside, firm break of 1.1408 will resume the fall from 1.2081 to 38.2% retracement of 1.0176 to 1.2081 at 1.1353. However, decisive break of 1.1666 will argue that the fall from 1.2081 has completed, and turn bias back to the upside for 61.8% retracement of 1.2081 to 1.1408 at 1.1824.

In the bigger picture, prior break of 55 W EMA (now at 1.1497) should confirm rejection by 1.2 key cluster resistance level. The whole up trend from 0.9534 (2022 low) might have completed as a three wave corrective rise too. Deeper fall is expected to long term channel support (now at 1.0535). Meanwhile, risk will stay on the downside as long as 1.2081 holds, even in case of strong rebound.

Daily Pivots: (S1) 158.23; (P) 159.11; (R1) 159.62; More...

The firm break of 55 4H EMA (now at 159.18) confirms short term topping at 160.45, on bearish divergence condition in 4H MACD. Intraday bias is back on the downside for 157.49 cluster support (38.2% retracement of 152.25 to 160.45 at 157.31. For now, near term outlook will stay neutral as long as 160.45 resistance holds, in case of recovery.

In the bigger picture, outlook is unchanged that corrective pattern from 161.94 (2024 high) should have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94. This will remain the favored case as long as 55 W EMA (now at 152.97) holds. Firm break of 161.94 will pave the way to 61.8% projection of 102.58 to 161.94 from 139.87 at 176.75.

Daily Pivots: (S1) 1.3169; (P) 1.3217; (R1) 1.3274; More...

Intraday bias in GBP/USD stays neutral and more consolidations could be seen above 1.3158. Outlook will remain bearish as long as 1.3479 resistance holds. Below 1.3158 will resume the fall from 1.3867 to 61.8% projection of 1.3867 to 1.3216 from 1.3479 at 1.3077 first. Decisive break there could prompt downward acceleration through 1.3008 support to 100% projection at 1.2828.

In the bigger picture, considering bearish divergence condition in both D and W MACD, a medium term top should be in place at 1.3867. Firm break of 1.3008 support will argue that fall from 1.3867 is at least correcting the rise from 1.0351 (2022 low) with risk of bearish reversal. That would open up further decline to 38.2% retracement of 1.0351 to 1.3867 at 1.2524. For now, medium term outlook will be neutral at best as long as 1.3867 resistance holds, or until further development.

Daily Pivots: (S1) 0.7964; (P) 0.8004; (R1) 0.8033; More….

A temporary top is formed at 0.8041 with current retreat, and intraday bias in USD/CHF is turned neutral first. On the upside, break of 0.8041 will resume the whole rally from 0.7603, and target 38.2% retracement of 0.9200 to 0.7603 at 0.8213. However, decisive break of 0.7833 support will argue that the rebound has completed, and turn bias back to the downside for deeper fall.

In the bigger picture, a medium term bottom should be in place at 0.7603 on bullish convergence condition in D MACD. Rebound from there is seen as correcting the fall from 0.9200 only. However, decisive break of 55 W EMA (now at 0.8088) will suggest that it's probably correcting the larger scale down trend from 1.0146 (2022 high). On the other hand, rejection by the 55 W EMA will setup down trend resumption to 100% projection of 1.0146 (2022 high) to 0.8332 from 0.9200 at 0.7382 at a later stage.

Daily Pivots: (S1) 1.3891; (P) 1.3929; (R1) 1.3952; More...

A temporary top is in place at 1.3965 in USD/CAD and intraday bias is turned neutral first. On the upside, decisive break of 38.2% retracement of 1.4791 to 1.3480 at 1.3981 will argue that it's already reversing the whole down trend from 1.4791, and target 61.8% retracement at 1.4290. However, firm break of 1.3751 should indicate rejection by 1.3981, and keep the fall from 1.4791 intact. Bias will be back on the downside for retesting 1.3480 low.

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. However, decisive break of 1.3927 resistance will argue that the correction has completed with three waves down to 1.3480 already. Further break of 1.4139 will confirm and bring retest of 1.4791 high.