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Daily Pivots: (S1) 1.0841; (P) 1.0945; (R1) 1.1011; More...

EUR/USD is still bounded in consolidations below 1.1145 and intraday bias remains neutral at this point. Downside of retreat should be contained by 38.2% retracement of 1.0176 to 1.1145 at 1.0775 to bring rebound. On the upside, above 1.1145 will resume the rally from 1.0176 to 1.1213/74 key resistance zone next.

In the bigger picture, fall from 1.1274 (2024 high) has completed as a three wave correction to 1.0176. Rise from 0.9534 ready to resume. Decisive break of 1.1274 will target 100% projection of 0.9534 to 1.1274 from 1.0176 at 1.1916. Also, that will send EUR/USD through the multi-decade channel resistance will carries larger bullish implication. This will now be the favored case as long as 1.0731 support holds.

Daily Pivots: (S1) 145.78; (P) 146.96; (R1) 149.11; More...

Intraday bias in USD/JPY remains neutral and more consolidations would be seen above 144.54. Upside of recovery should be limited below 151.28 resistance. On the downside, below 144.54 will resume the fall from 158.86 and target 61.8% projection of 158.86 to 146.52 from 151.20 at 143.57. Break there will target 139.57 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.

Daily Pivots: (S1) 1.2645; (P) 1.2790; (R1) 1.2871; More...

Intraday bias in GBP/USD remains on the downside as fall from 1.3206 short term top continues. Sustained trading below 38.2% retracement of 1.2099 to 1.3206 at 1.2783 will target 61.8% retracement at 1.2522. On the upside, above 1.2933 minor resistance will turn intraday bias neutral first.

In the bigger picture, price actions from 1.3433 are seen as a corrective pattern to the up trend from 1.3051 (2022 low). Rise from 1.2099 could be the second leg. Overall, GBP/USD should target 1.4248 key resistance (2021 high) on break of 1.3433 at a later stage.

Daily Pivots: (S1) 0.8480; (P) 0.8577; (R1) 0.8704; More…

USD/CHF Is staying in consolidation above 0.8450 and intraday bias remains neutral. Upside of recovery should be limited below 0.8757 support turned resistance. On the downside, below 0.8450 will resume the fall from 0.9196 and target 100% projection of 0.9196 to 0.8757 from 0.8854 at 0.8415.

In the bigger picture, rejection by 0.9223 key resistance keep medium term outlook bearish. That is, larger fall from 1.0342 (2017 high) is not completed yet. Firm break of 0.8332 (2023 low) will confirm down trend resumption. Next target is 61.8% projection of 1.0146 (2022 high) to 0.8332 from 0.9196 at 0.8075.

Daily Pivots: (S1) 0.5903; (P) 0.6016; (R1) 0.6098; More...

Intraday bias in AUD/USD remains neutral for consolidations above 0.5931 temporary low. Stronger rebound cannot be ruled out. But upside should be limited below 0.6218 support turned resistance to bring another fall. On the downside, break of 0.5931 will resume larger decline to 61.8% projection of 0.6941 to 0.6087 from 0.6388 at 0.5860.

In the bigger picture, fall from 0.6941 (2024 high) is seen as part of the down trend from 0.8006 (2021 high). Next medium term target is 61.8% projection of 0.8006 to 0.6169 from 0.6941 at 0.5806. In any case, outlook will stay bearish as long as 0.6388 resistance holds.

Daily Pivots: (S1) 1.4187; (P) 1.4242; (R1) 1.4303; More...

Intraday bias in USD/CAD stays neutral at this point. On the upside, firm break of 1.4414 resistance will suggest that the decline from 1.4791 has completed as a three wave correction, and turn bias back to the upside for retesting 1.4791 high. However, firm break of 61.8% projection of 1.4791 to 1.4150 from 1.4414 at 1.4018, could prompt downside acceleration to 100% projection at 1.3773 next.

In the bigger picture, focus is now on 1.3976 resistance turned support (2022 high), which is close to 55 W EMA (now at 1.4001). Strong rebound from there will retain medium term bullishness. That is, up trend from 1.2005 is still in progress for breaking through 1.4791 at a later stage. However, sustained break there should confirm medium term topping at 1.4791. Deeper correction would be seen to 38.2% retracement of 1.2005 (2021 low) to 1.4791 at 1.3727.

Daily Pivots: (S1) 0.9282; (P) 0.9392; (R1) 0.9492; More....

Intraday bias in EUR/CHF is turned neutral with current recovery. But risk will stay on the downside as long as 0.9486 support turned resistance holds. On the downside, decisive break of 0.9331 structural support indicate that whole rally from 0.9204 has completed as a three-wave correction at 0.9660, after rejection by channel resistance. Deeper decline would be seen to retest 0.9204 low next.

In the bigger picture, rejection by long-term falling channel resistance (now at 0.9600) will retain medium term bearishness. That is, down trend from 1.2004 (2018 high) is still in progress. Downside breakout through 0.9204 low would then be in favor at a later stage.

Daily Pivots: (S1) 186.28; (P) 188.19; (R1) 190.24; More...

Intraday bias in GBP/JPY is turned neutral with a temporary low formed at 186.06. Stronger recovery might be seen but risk will stay on the downside as long as 55 4H EMA (now at 191.45) holds. Below 186.06 will resume recent fall to 100% projection of 198.94 to 187.04 from 195.95 at 184.05.

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 152.11 will bring deeper fall even still as a correction.

Daily Pivots: (S1) 158.91; (P) 160.65; (R1) 163.11; More...

Intraday bias in EUR/JPY remains neutral for the moment. On the upside, above 164.16 will resume the rally from 154.77 to 164.89 resistance, and then 166.67. However, decisive break of 158.27 support will bring deeper decline back to 154.77 support. Overall, sideway consolidation pattern from 154.40 is still extending.

In the bigger picture, price actions from 175.41 are seen as correction to rally 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) 1.7923; (P) 1.8174; (R1) 1.8467; More...

A temporary top is formed at 1.8417 with current retreat and intraday bias in EUR/AUD is turned neutral. Downside of consolidations should be contained above 1.7417 resistance turned support. Above 1.8417 will resume larger up trend to 161.8% projection of 1.6355 to 1.7417 from 1.7047 at 1.8765 next.

In the bigger picture, up trend from 1.4281 (2022 low) is in progress, and in reacceleration phase as seen in W MACD. Next target is 100% projection of 1.4281 to 1.7062 from 1.5963 at 1.8744. Outlook will remain bullish as long as 1.7062 resistance turned support holds (2023 high) even in case of deep pullback.