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USD/JPY Daily Outlook
No change in USD/JPY's outlook as consolidations continue below 162.83. Intraday bias stays neutral at this point. In case of another fall, downside should be contained by 38.2% retracement of 155.01 to 162.83 at 159.84. On the upside, firm break of 162.83 will resume larger up trend to 164.34 projection level.
In the bigger picture, rise from 139.87 (2025 low) is seen as another rising leg of the long term up trend. Next target is 61.8% projection of 139.87 to 159.44 from 152.25 at 164.34. For now, outlook will remain bullish as long as 155.01 support holds, even in case of deep pullback.
GBP/USD Daily Outlook
GBP/USD's rally resumed and the break of 1.3459 resistance argues that whole correction from 1.3867 has completed at 1.3139. Intraday bias is back on the upside for 1.3657 resistance for confirmation. For now, risk will stay on the upside as long as 1.3339 support holds, in case of retreat.
In the bigger picture, price actions from 1.3867 are a corrective pattern within the broader up trend from 1.0351 (2022 low). With 1.3008 support intact, medium term bullishness is maintained and break of 1.3867 is in favor for a later stage, towards 1.4248 key resistance (2021 high). However, firm break of 1.3008 will at least bring deeper fall to 38.2% retracement of 1.0351 to 1.3867 at 1.2524, with increased risk of bearish reversal.
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains neutral for the moment. On the upside, break of 0.8150 will resume the rally from 0.7660 and target 100% projection 0.7603 to 0.8041 from 0.7600 at 0.8198. However, firm break of 0.8029 support will confirm short term topping, and turn bias back to the downside for 55 DEMA (now at 0.7985) and below.
In the bigger picture, while a medium term bottom was formed at 0.7603, it's still early to call for bullish trend reversal. As long as 38.2% retracement of 0.9200 (2025 high) to 0.7603 at 0.8213 holds, the larger down trend could still continue through 0.7603 at a later stage. However, firm break of 0.7603 will argue that the trend has reversed and turn focus to 0.8332 support turned resistance (2023 low) for confirmation.
AUD/USD Daily Report
Intraday bias in AUD/USD remains mildly on the upside at this point. Firm break of 38.2% retracement of 0.7277 to 0.6864 at 0.7022 will target 61.8% retracement at 0.7119 next. On the downside, however, below 0.6912 minor support will turn bias back to the downside for 0.6864 low.
In the bigger picture, considering bearish divergence condition in D MACD, a medium term top could be formed at 0.7277 after failing to sustain above 61.8% retracement of 0.8006 (2021 high) to 0.5913 (2024 low) at 0.7206. Deeper fall could be seen to 38.2% retracement of 0.5913 to 0.7277 at 0.6756 as a correction. But strong support should be seen there to bring rebound. Consolidations would continue below 0.7277 for a while.
USD/CAD Daily Outlook
USD/CAD's fall from 1.4247 is seen as a correction to rally from 1.3480. Downside should be contained by 1.3965 cluster support (38.2% retracement of 1.3480 to 1.4247 at 1.3954 to bring rebound. On the upside, above 1.4159 minor resistance will bring retest of 1.4247 high. Firm break there will target 61.8% retracement of 1.4791 to 1.3480 at 1.4290.
In the bigger picture, current development suggests that fall from 1.4791 has completed as a three wave correction to 1.3480. It's still early to judge if rise from there a corrective bounce, or resumption of the larger up trend from 1.2005 (2021 low). But in either case, retest of 1.4791 high should be seen next.
GBP/JPY Daily Outlook
GBP/JPY's up trend resumed by breaking through 217.99 and intraday bias is back on the upside. Current rally should target 220.90 fibonacci projection level next. On the downside, below 217.99 minor support will turn intraday bias neutral again first.
In the bigger picture, the long term up trend 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. For now, outlook will remain bullish as long as 55 W EMA (now at 208.22) holds, in case of pullback.
EUR/JPY Daily Outlook
No change in EUR/JPY's outlook as sideway trading continues. Intraday bias remains neutral for the moment. While the price actions from 182.10 are looking corrective, stronger rebound cannot be ruled out. On the upside, firm break of 186.30 will resume the rebound from 182.10 towards 187.93 high. On the downside, break of 183.14 will bring deeper fall to retest 182.10.
In the bigger picture, there is no sign of reversal yet. Uptrend from 114.42 (2020 low) is still expected to resume at a later stage to 78.6% projection of 124.37 (2022 low) to 175.41 (2025 high) from 154.77 at 194.88. However, sustained break of 55 W EMA (now at 179.93) will argue that it's already in a medium term down trend to 175.41 resistance turned support and below.
EUR/GBP Daily Outlook
EUR/GBP's fall resumed after brief consolidations and intraday bias is back on the downside. 61.8% retracement of 0.8221 to 0.8863 at 0.8466 was already met. Sustained break there will pave the way to 0.8221 support. On the upside, above 0.8507 minor resistance will turn intraday bias neutral again first.
In the bigger picture, current development suggests that rise from 0.8221 (2024 low) has completed at 0.8863, just ahead of 38.2% retracement of 0.8221 (2024 low) to 0.8863 (2025 high) at 0.8618. Deeper fall would be seen back to 0.8201 (2022 low). For now, outlook will be neutral at best as long as 0.8863 hold.
EUR/AUD Daily Outlook
No change in EUR/AUD's outlook and focus stays on 1.6307 support. Firm break there will indicate that rebound from 1.6108 has completed at 1.6617. Deeper decline should the be seen to retest this low. On the upside, break of 1.6506 will turn bias back to the upside for 1.6617.
In the bigger picture, outlook will stay bearish as long as 1.6842 resistance holds. Fall from 1.8554 (2025 high) is expected to continue to 61.8% retracement of 1.4281 to 1.8554 at 1.5913. Decisive break there will pave the way back to 1.4281 (2022 low). However, firm break of 1.6842 should confirm medium term bottoming, and bring stronger rally.
EUR/CHF Daily Outlook
Intraday bias in EUR/CHF remains neutral for the moment, and more consolidations could be seen below 0.9278. Downside should be contained by 0.9210 support to bring another rise. Above 0.9278 will resume whole rally from 0.8979 to 100% projection of 0.8979 to 0.9264 from 0.9094 at 0.9379. However, break of 0.9210 will bring deeper fall back to 0.9176 support instead.
In the bigger picture, the break of medium term falling trend line resistance indicates that 0.8979 is already a medium term bottom. Considering bullish convergence condition in W MACD, rise from there should at least be reversing the fall from 0.9928, with prospect of developing into a medium term up trend. Firm break of 0.9394 resistance will add more credence to this case. For now risk will remain on the upside as long as 0.9094 support holds, in case of retreat.




















