Sample Category Title

Daily Pivots: (S1) 194.99; (P) 196.27; (R1) 197.19; More...

Intraday bias in GBP/JPY remains neutral for the moment, and more consolidations could be seen below 198.87. Deeper pullback cannot be ruled out, but outlook will stay bullish as long as 193.99 support holds. Above 198.78 will resume the rise from 184.35 to 199.79 resistance. Break there will target 100% projection of 180.00 to 199.79 from 184.35 at 204.14.

In the bigger picture, price actions from 208.09 are seen as a correction to rally from 123.94 (2020 low). Strong support should be seen from 38.2% retracement of 123.94 to 208.09 at 175.94 to contain downside. However, sustained break of 175.94 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 169.10; (P) 169.45; (R1) 169.85; More...

Intraday bias in EUR/JPY remains neutral and consolidations from 169.83 could extend. Another retreat cannot be ruled out, but downside downside should be contained well above 166.01 support to bring rebound. Above 169.83 will resume the rise from 154.77 to 100% projection of 154.77 to 164.16 from 161.06 at 170.45. Break there will target 138.2% projection at 174.03.

In the bigger picture, price actions from 175.41 are seen as correction to up trend from 114.42 (2020 low). Strong support should be seen from 38.2% retracement of 114.42 to 175.41 at 152.11 to contain downside. However, sustained break of 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 0.8565; (P) 0.8581; (R1) 0.8605; More...

Intraday bias in EUR/GBP stays on the upside as rise from 0.8354 is in progress for retesting 0.8737 high. Decisive break there will resume the whole rise from 0.8221 low. On the downside, below 0.8576 minor support will turn intraday bias neutral first.

In the bigger picture, the structure from 0.8221 medium term bottom are not impulsive enough to suggest that it's reversing the downside from 0.9267 (2022 high). But even if it's a correction, firm break of 0.8737 will still pave the way to 61.8% retracement of 0.9267 to 0.8221 at 0.8867.

Daily Pivots: (S1) 1.7897; (P) 1.7931; (R1) 1.7954; More...

EUR/AUD Is still bounded in tight range below 1.7989 and intraday bias remains neutral for the moment. Further rally is expected as long as 1.7626 support holds. Above 1.7989 will target 61.8% retracement of 1.8554 to 1.7245 at 1.8054. Sustained break there will pave the way to 1.8554.

In the bigger picture, price actions from 1.8554 medium term are seen as a corrective pattern. While deeper pullback might be seen, downside should be contained by 38.2% retracement of 1.4281 (2022 low) to 1.8554 at 1.6922 to bring rebound. Up trend from 1.4281 is expected to resume at a later stage.

Daily Pivots: (S1) 0.9325; (P) 0.9336; (R1) 0.9356; More....

Range trading continues in EUR/CHF and intraday bias stays neutral. On the downside, decisive break of 0.9306 support will turn bias to the downside for retesting 0.9218 low. On the upside, break of 0.9428/45 resistance zone will resume the rebound from 0.9218.

In the bigger picture, while downside momentum has been diminishing as seen in W MACD, there is no sign of bottoming yet. EUR/CHF is still staying below 55 W EMA and well inside long term falling channel. Outlook will stay bearish as long as 0.9660 resistance holds. Break of 0.9204 (2024 low) will confirm resumption of down trend from 1.2004 (2018 high).

Daily Pivots: (S1) 1.3565; (P) 1.3612; (R1) 1.3640; More...

Intraday bias in USD/CAD remains mildly on the downside for retesting 1.3538 low. Firm break there will resume larger decline from 1.4791. For now, risk will stay on the downside as long as 1.3797 resistance holds, in case of recovery.

In the bigger picture, price actions from 1.4791 medium term top could either be a correction to rise from 1.2005 (2021 low), or trend reversal. In either case, further decline is expected as long as 1.4014 resistance holds. Next target is 61.8% retracement of 1.2005 (2021 low) to 1.4791 at 1.3069.

Daily Pivots: (S1) 0.6555; (P) 0.6573; (R1) 0.6601; More...

Intraday bias in AUD/USD is turned neutral for consolidations below 0.6589 temporary top. Deeper retreat might be seen but outlook will remain bullish as long as 0.6372 support holds. Above 0.6589 will resume the rise from 0.5913 to 0.6713 fibonacci level.

In the bigger picture, there is no clear sign that down trend from 0.8006 (2021 high) has completed. Rebound from 0.5913 is seen as a corrective move. While stronger rally cannot be ruled out, outlook will remain bearish as long as 38.2% retracement of 0.8006 to 0.5913 at 0.6713 holds. Nevertheless, considering bullish convergence condition in W MACD, even in case of another fall through 0.5913, downside should be contained above 0.5506 (2020 low).

Daily Pivots: (S1) 1.1761; (P) 1.1785; (R1) 1.1824; More...

EUR/USD is staying in consolidations below 1.1829 temporary top and intraday bias remains neutral. Downside of retreat should be contained by 1.1630 resistance turned support to bring another rally. On the upside, break of 1.1829 will target 61.8% projection of 1.0176 to 1.1572 from 1.1064 at 1.1927.

In the bigger picture, rise from 0.9534 long term bottom could be correcting the multi-decade downtrend or the start of a long term up trend. In either case, further rise should be seen to 100% projection of 0.9534 to 1.1274 from 1.0176 at 1.1916. This will now remain the favored case as long as 1.1604 support holds.

Daily Pivots: (S1) 1.3547; (P) 1.3651; (R1) 1.3738; More...

Intraday bias in GBP/USD remains neutral and more consolidations would be seen below 1.3787. Deeper retreat cannot be ruled out, but downside should be contained above 1.3369 support to bring another rally. Firm break of 1.3787 will resume larger rise to 1.4004 projection level next.

In the bigger picture, up trend from 1.3051 (2022 low) is in progress. Next medium term target is 61.8% projection of 1.0351 to 1.3433 from 1.2099 at 1.4004. Outlook will now stay bullish as long as 55 W EMA (now at 1.2983) holds, even in case of deep pullback.

Daily Pivots: (S1) 143.24; (P) 143.74; (R1) 144.17; More...

Outlook is unchanged for USD/JPY as range trading continues. Intraday bias remains neutral. On the upside, firm break of 148.01 resistance will resume the rise from 139.87 to 61.8% retracement of 158.86 to 139.87 at 151.22. However, break of 142.10 will bring deeper fall back to retest 139.87 low.

In the bigger picture, price actions from 161.94 are seen as a corrective pattern to rise from 102.58 (2021 low), with fall from 158.86 as the third leg. Strong support should be seen from 38.2% retracement of 102.58 to 161.94 at 139.26 to bring rebound. However, sustained break of 139.26 would open up deeper medium term decline to 61.8% retracement at 125.25.