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Daily Pivots: (S1) 210.46; (P) 210.99; (R1) 211.70; More...

Intraday bias in GBP/JPY remains neutral for consolidations. Downside of retreat should be contained above 206.74 support to bring another rally. On the upside, break of 61.8% projection of 184.35 to 205.30 from 199.04 at 211.98 will extend current up trend to 100% projection at 219.99 next.

In the bigger picture, up trend from 123.94 (2020 low) is in progress. Next target is 61.8% projection of 148.93 to 208.09 from 184.35 at 220.90. On the downside, break of 199.04 support is needed to indicate medium term topping. Otherwise, outlook will stay bullish even in case of deep pullback.

Daily Pivots: (S1) 183.54; (P) 184.11; (R1) 184.79; More...

EUR/JPY is still bounded in consolidations below 184.89 and intraday bias stays neutral. Downside of retreat should be contained above 181.98 resistance turned support to bring another rally. On the upside, break of 184.89 temporary top will resume larger up trend to 186.31 long term projection level.

In the bigger picture, up trend from 114.42 (2020 low) is in progress and should target 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. Considering bearish divergence condition in D MACD, upside could be capped by 186.31 on first attempt. Still, outlook will stay bullish as long as 55 W EMA (now at 170.83) holds, even in case of deep pullback. Sustained break of 186.31 will pave the way to 100% projection at 205.81 next.

Daily Pivots: (S1) 0.8717; (P) 0.8727; (R1) 0.8735; More…

Immediate focus is now on 0.8270 support in EUR/GBP. Decisive break there will resume whole fall from 0.8863, and target 0.8631 cluster support (38.2% retracement of 0.8221 to 0.8663 at 0.8618). However, on the upside, break of 0.8796 resistance will argue that the fall has completed as a correction, and turn bias back to the upside for retesting 0.8863.

In the bigger picture, rise from 0.8221 medium term bottom is still 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 0.8610) should confirm that this corrective bounce has completed. 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) 1.7562; (P) 1.7621; (R1) 1.7654; More...

Intraday bias in EUR/AUD remains on the downside as this point. Current development suggests that rebound form 1.7477 has completed at 1.7804. Fall from 1.8160 is still in progress. Deeper decline would be seen to retest 1.7477 first. Break there will target 1.7245 support and below. Overall, corrective pattern from 1.8554 could extend further.

In the bigger picture, as long as 55 W EMA (now at 1.7468) holds, price actions from 1.8554 could still be a correction to rise from 1.5963 only. However, sustained break of the EMA will argue that it's already correcting the whole up trend from 1.4281 (2022 low). In this case, deeper decline would be seen to 38.2% retracement of 1.4281 to 1.8554 at 1.6922.

Daily Pivots: (S1) 0.9274; (P) 0.9297; (R1) 0.9312; More....

Intraday bias in EUR/CHF stays on the downside as fall from 0.9394 is in progress. Current development suggests that rebound from 0.9178 has already completed. Deeper decline would be seen to retest 0.9178 low. On the upside, above 0.9326 minor resistance will turn intraday bias neutral again first.

In the bigger picture, EUR/CHF has breached long term falling channel resistance as the rebound from 0.9278 extends. Considering bullish convergence condition in W MACD, sustained trading above 55 W EMA (now at 0.9369) will indicate medium term bottoming at 0.9178, and suggests that it's already in larger scale rebound. Further break of 0.9452 resistance will bring stronger medium term rally towards 0.9928 resistance next. Nevertheless, rejection by 55 W EMA will retain bearishness for another fall through 0.9178 at a later stage.

Daily Pivots: (S1) 1.1761; (P) 1.1782; (R1) 1.1816; More….

Intraday bias in EUR/USD stays neutral at this point. On the upside, break of 1.1803 will extend the rally from 1.1467 to retest 1.1917 high. However, firm break of 55 D EMA (now at 1.1650) will turn bias back to the downside for 1.1467 support, to extend the corrective pattern form 1.19717 with another falling leg.

In the bigger picture, as long as 55 W EMA (now at 1.1385) holds, up trend from 0.9534 (2022 low) is still in favor to continue. Decisive break of 1.2 key psychological level will carry larger bullish implication. 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) 1.3474; (P) 1.3499; (R1) 1.3542; More...

Intraday bias in GBP/USD remains on the upside. Current rise from 1.3008 should target a retest on 1.3787 high. On the downside, below 1.3469 minor support will turn intraday bias neutral first. But risk will stay on the upside as long as 1.3356 support holds, in case of retreat.

In the bigger picture, current development suggests that fall from 1.3787 is merely a corrective move, and larger rise from 1.0351 (2022 low) is still in progress. Firm break of 1.3787 will target 1.4248 (2021 high) key structural resistance. This will remain the favored case as long as target 38.2% retracement of 1.0351 to 1.3787 at 1.2474 holds, in case of another fall.

Daily Pivots: (S1) 155.58; (P) 156.33; (R1) 157.01; More...

Intraday bias in USD/JPY remains neutral and consolidations from 157.88 could extend further. But further rally is expected as long as 154.33 support holds. Firm break of 158.85 key structural resistance will be an important medium term bullish sign. Next target will be 161.94 high. However, decisive break of 154.38 will turn bias to the downside for deeper correction.

In the bigger picture, corrective pattern from 161.94 (2024 high) could have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94 high. Decisive break of 158.85 structural resistance will solidify this bullish case and target 161.94 for confirmation. On the downside, break of 150.90 resistance turned support will dampen this bullish view and extend the corrective range pattern with another falling leg.

Daily Pivots: (S1) 0.7848; (P) 0.7895; (R1) 0.7924; More….

Intraday bias in USD/CHF stays on the downside for retesting 0.7928 low. Decisive break there will confirm larger down trend resumption. On the upside, above 0.7907 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 0.7986 resistance holds, in case of recovery.

In the bigger picture, outlook will stay bearish as long as 0.8332 support turned resistance holds (2023 low). Long term 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.