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Daily Pivots: (S1) 155.71; (P) 156.13; (R1) 156.55; More...

USD/JPY is staying in consolidations below 156.81 temporary top and intraday bias remains neutral. On the upside, above 156.81 will resume the rally from 152.25 to 157.65 resistance first. Firm break there will target a retest on 159.44. high. On the downside, however, break of 153.90 will bring deeper fall to 152.25 support. Overall, with 38.2% retracement of 139.87 to 159.44 at 151.96 intact, price actions from 159.44 are seen as a corrective pattern. Also, rise from 139.87 is expected to resume through 159.44 at a later stage.

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 151.93) holds. However, sustained break of 55 W EMA will argue that the pattern from 161.94 is extending with another falling leg.

Daily Pivots: (S1) 1.3426; (P) 1.3501; (R1) 1.3556; More...

Despite the current steep decline, GBP/USD is still holding above 1.3432 and intraday bias remains neutral. On the downside, below 1.3432 will resume the fall from 1.3867 to 1.3342 support. Firm break there should confirm that it's already correcting the whole rise from 1.2099. However, break of 1.3574 resistance will argue that the decline has completed as a near term correction, and turn bias back to the upside for retesting 1.3867.

In the bigger picture, as long as 1.3008 support holds, rise from 1.3051 (2022 low) should still be in progress for 1.4284 key resistance (2021 high). Decisive break there will add to the case of long term bullish trend reversal. However, firm break of 1.3008 will raise the chance of medium term bearish reversal and target 1.2099 support next.

Daily Pivots: (S1) 0.7716; (P) 0.7735; (R1) 0.7759; More….

No change in USD/CHF's outlook as consolidations continue above 0.7603. Intraday bias remains neutral for now. In case of stronger rise, upside should be limited by 55 D EMA (now at 0.7824) to complete the pattern. On the downside, below 0.7627 will bring retest of 0.7603. Firm break there will resume larger down trend, and target 0.7382 projection level next. However, sustained break of 55 D EMA will indicate that a larger scale corrective bounce in underway and target 0.8039 resistance next.

In the bigger picture, 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. In any case, outlook will stay bearish as long as 0.8123 resistance holds.

Daily Pivots: (S1) 0.7070; (P) 0.7103; (R1) 0.7140; More...

Intraday bias in AUD/USD remains neutral as it's still bounded in range below 0.7146. Consolidations could continue and deeper retreat cannot be ruled out. But downside should be contained above 0.6896 support. On the upside, above 0.7146 will resume larger up trend to 100% projection of 0.5913 to 0.6706 from 0.6420 at 0.7213.

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 0.6706 resistance turned support holds, even in case of deep pullback.

Daily Pivots: (S1) 1.3656; (P) 1.3685; (R1) 1.3710; More...

Outlook in USD/CAD is unchanged and intraday bias stays neutral. Consolidations from 1.3480 is in progress and stronger rebound might be seen. But upside should be limited by 55 D EMA (now at 1.3728) to complete the pattern. On the downside, below 1.3630 minor support will bring retest of 1.3480 low. Firm break there will resume larger down trend from 1.4791 to 61.8% projection of 1.4791 to 1.3538 from 1.4139 at 1.3365. However, sustained break of 55 D EMA will bring further rise to 1.3927 resistance and above.

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. For now, medium term outlook will be neutral at best, until there are signs that the correction has completed, or that a bearish trend reversal is confirmed.

Daily Pivots: (S1) 0.9114; (P) 0.9132; (R1) 0.9151; More....

EUR/CHF is still bounded in consolidations pattern from 0.9092 and intraday bias stays neutral. Stronger rebound might be seen but upside should be limited by 38.2% retracement of 0.9394 to 0.9092 at 0.9207. On the downside, firm break of 0.9092 will resume larger down trend.

In the bigger picture, down trend from 0.9928 (2024 high) is still in progress with falling 55 W EMA (now at 0.9326) intact. Next target is 61.8% projection of 1.1149 to 0.9407 from 0.9928 at 0.8851. Outlook will stay bearish as long as 0.9394 resistance holds, in case of rebound.

Daily Pivots: (S1) 209.81; (P) 210.99; (R1) 211.72; More...

Intraday bias in GBP/JPY is turned neutral again with current retreat. Pull back from 214.98 could have completed as a near term correction at 207.20. Above 212.10 will bring retest of 214.98 first. Firm break there will resume larger up trend. For now, risk will stay on the upside as long as 207.20 holds.

In the bigger picture, current development argues that price actions from 214.98 might be a near term consolidation pattern only. That is, larger 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. On the downside, though, break of 207.20 will revive that case that it's already in a larger scale correction.

Daily Pivots: (S1) 183.75; (P) 184.29; (R1) 184.76; More...

Intraday in EUR/JPY is turned neutral first with current retreat. Outlook is unchanged that correction from 186.86 should have completed with three waves down to 180.78. Above 184.75 will bring retest of 186.22/86 resistance zone. Decisive break there will confirm larger up trend resumption. Next target is 61.8% projection of 172.24 to 186.86 from 180.78 at 189.81. Overall, outlook will remain bullish as long as 38.2% retracement of 172.24 to 186.86 at 181.27, in case of deep retreat.

In the bigger picture, current development suggests that price actions from 186.86 are merely a near term corrective pattern. In other words, the long term up trend is still in progress. 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. This will now remain the favored case as long as 180.78 support holds.

Daily Pivots: (S1) 1.6536; (P) 1.6612; (R1) 1.6654; More...

There is no clear sign of bottoming in EUR/AUD yet despite loss of momentum as seen in 4H MACD. Intraday bias remains on the downside. Fall from 1.8554 is in progress and should target 138.2% projection of 1.8554 to 1.7245 from 1.8160 at 1.6351 next. Near term outlook will remain bearish as long as 1.6830 resistance holds, in case of recovery.

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. For now, risk will stay on the downside as long as 1.7245 support turned resistance holds, even in case of strong rebound.

Daily Pivots: (S1) 0.8718; (P) 0.8738; (R1) 0.8769; More…

EUR/GBP's rebound from 0.8611 is resuming and intraday bias is back on the upside. Sustained trading above 0.8744 resistance will solidify the case that fall from 0.8863 has completed as a correction at 0.8661. Further rise should then be seen back to retest 0.8663 high. On the downside, below 0.8705 support will turn intraday bias neutral again first. But near term outlook will stay bullish as long as 38.2% retracement of 0.8221 to 0.8663 at 0.8618 holds.

In the bigger picture, focus remains on 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Rejection by this level will keep the rise from 0.8221 medium term bottom (2024) as a corrective move. Sustained trading below 55 W EMA (now at 0.8636) 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.