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Daily Pivots: (S1) 211.42; (P) 213.14; (R1) 214.18; More...

GBP/JPY's break of 210.63 support indicates that a short term top was at least formed at 214.83. Intraday bias is back on the downside for 55 D EMA (now at 208.90). Sustained break there will argue that it's correcting whole rise from 184.35 and target 38.2% retracement of 184.35 to 214.83 at 203.18. For now, risk will stay on the downside as long as 214.83 holds, in case of recovery.

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) 183.02; (P) 184.95; (R1) 186.10; More...

EUR/JPY's break of 182.75 support suggests medium term topping at 186.86 on bearish divergence condition in D MACD. Intraday bias is back on the downside. Sustained trading below 55 D EMA (now at 181.99) will solidify the case that it's already correcting whole rise from 154.77. Deeper fall should then be seen to 38.2% retracement of 154.77 to 186.86 at 174.60. For now, risk will stay on the downside as long as 186.86 holds, in case of recovery.

In the bigger picture, up trend from 114.42 (2020 low) is in progress and and met 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 173.32) holds, even in case of deep pullback. Sustained break of 186.31 will pave the way to 78.6% projection at 194.88 next.

Daily Pivots: (S1) 0.8649; (P) 0.8681; (R1) 0.8705; More…

Intraday bias in EUR/GBP stays on the downside and deeper fall should be seen to 0.8631 cluster support (38.2% retracement of 0.8221 to 0.8663 at 0.8618). Decisive break there will carry larger bearish implications and pave the way to 61.8% retracement at 0.8466. Risk will now stay on the downside as long as 0.8744 resistance holds, in case of recovery.

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 0.8625) 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) 1.7102; (P) 1.7154; (R1) 1.7209; More...

Intraday bias in EUR/AUD remains on the downside for the moment. Current fall is seen as the third leg of the pattern from 1.8554. Deeper decline should continue to 100% projection of 1.8554 to 1.7245 from 1.8160 at 1.6851. On the upside, above 1.7211 support turned resistance will turn intraday bias neutral first, and bring consolidations, before staging another decline.

In the bigger picture, the break of 55 W EMA (now at 1.7464) argues that fall from 1.8554 medium term top is correcting whole up trend from 1.4281 (2022 low). Deeper decline is in favor to 38.2% retracement of 1.4281 to 1.8554 at 1.6922, and possibly below. Risk will stay on the downside as long as 55 D EMA (now at 1.7537) holds, in case of strong rebound.

Daily Pivots: (S1) 0.9202; (P) 0.9246; (R1) 0.9276; More....

Intraday bias in EUR/CHF stays on the downside for retesting 0.9178 low. Firm break there will resume larger down trend. On the upside, above 0.9253 support turned resistance will turn intraday bias neutral and bring consolidations, before staging another decline.

In the bigger picture, another rejection by 55 W EMA (now at 0.9350) keeps outlook bearish. Downtrend from 1.2004 (2018 high) is still in progress. Firm break of 0.9178 will target 61.8% projection of 1.1149 to 0.9407 from 0.9928 0.8851. Outlook will stay bearish as long as 0.9394 resistance holds, in case of recovery.

Daily Pivots: (S1) 0.6853; (P) 0.6876; (R1) 0.6918; More...

AUD/USD's rally continues today and intraday bias stays on the upside, sustained trading above 61.8% projection of 0.5913 to 0.6706 from 0.6420 at 0.6910 will pave the way to 100% projection at 0.7213. On the downside, below 0.6833 minor support will turn intraday bias neutral and bring consolidations first. But downside of retreat should be contained well above 0.6667 support to bring another rally.

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 0.6420 support holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3663; (P) 1.3732; (R1) 1.3769; More...

Intraday bias in USD/CAD remains on the downside for 1.3641 support. Firm break there will resume the decline from 1.4139 and target a retest on 1.3538 low. On the upside, above 1.3724 minor resistance will turn intraday bias neutral and bring consolidations first.

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, and break of 1.3538 will target 61.8% retracement of 1.2005 to 1.4791 at 1.3069. For now, medium term outlook will be neutral until there are signs that the correction has completed.

Daily Pivots: (S1) 1.1760; (P) 1.1797; (R1) 1.1866; More….

Intraday bias in EUR/USD stays on the upside for retesting 1.1917 key resistance. Firm break there will resume larger up trend. On the downside, below 1.1812 minor support will mix up the outlook and turn intraday bias neutral again.

In the bigger picture, as long as 55 W EMA (now at 1.1443) 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) 1.3534; (P) 1.3590; (R1) 1.3698; More...

GBP/USD's rally continues today and intraday bias stays on the upside at this point. Firm break of 61.8% projection of 1.3008 to 1.3567 from 1.3342 at 1.3687 should prompt upside acceleration through 1.3787 high to 100% projection at 1.3901. On the downside, below 1.3591 minor support will turn intraday bias neutral. But retreat should be contained well above 1.3342 support to bring another rally.

In the bigger picture, price actions from 1.3787 (2025 high) are seen as a correction to the larger up trend from 1.3051 (2022 low). That might have completed at 1.3008 already. Firm break of 1.3787 will confirm up trend resumption. Next target is 1.4284 key resistance (2021 high). This will remain the favored case as long as 1.3008 support holds.

Daily Pivots: (S1) 0.7754; (P) 0.7836; (R1) 0.7884; More….

Intraday bias in USD/CHF stays on the downside. Current fall is part of the larger down trend and should target 0.7382 projection level. On the upside, above 0.7828 minor resistance will turn intraday bias neutral first. But recovery should be limited well below 0.8039 resistance to bring another fall.

In the bigger picture, larger down trend from 1.0342 (2017 high) is still in progress and resuming. 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 038199) holds.