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Daily Pivots: (S1) 200.82; (P) 201.10; (R1) 201.45; More...

GBP/JPY is staying below 201.59 resistance for now and intraday bias stays neutral first. Further rally is expected as long as 198.90 support holds. Firm break of 201.59 will resume larger up trend. However, on the downside, break of 198.90 will turn bias back to the downside for deeper pullback to 197.18 support instead.

In the bigger picture, as long as 188.63 resistance turned support holds, long term up trend is expected to continue. Next target is 100% projection of 155.33 to 188.63 from 178.32 at 211.62.

Daily Pivots: (S1) 169.70; (P) 170.01; (R1) 170.40; More...

EUR/JPY's break of 170.12 resistance suggests that corrective fall from 170.87 has completed with three waves down to 167.52. Rise from 164.01 might be ready to resume. Intraday bias is back on the upside for 170.87 first. Firm break there will target 61.8% projection of 164.01 to 170.87 from 167.52 at 171.75. On the downside, break of 169.12 minor support will dampen this bullish case and turn intraday bias neutral gain first.

In the bigger picture, as long as 55 W EMA (now at 159.83) holds, price actions from 171.58 medium term top are seen as as correcting the rise from 153.15 only. That is, larger up trend remains in favor to continue as a later stage. Firm break of 171.58 will target 100% projection of 139.05 to 164.29 from 153.15 at 178.38. However, sustained break of 55 W EMA will argue that larger scale correction is underway and target 153.15 support.

Daily Pivots: (S1) 0.8440; (P) 0.8451; (R1) 0.8466; More...

Intraday bias in EUR/GBP remains neutral for the moment. Consolidations form 0.8396 could continue with stronger recovery. But outlook will stay bearish as long as 0.8482 support turned resistance holds. On the downside, below 0.8429 minor support will bring retest of 0.8396 low first. Further break there will resume larger down trend to 0.8376 projection level next.

In the bigger picture, down trend from 0.9267 (2022 high) is in progress. Next target is 100% projection of 0.8764 to 0.8497 from 0.8643 at 0.8376. Sustained break there will target 161.8% projection at 0.8211 next. For now, outlook will remain bearish as long as 0.8643 resistance holds, even in case of stronger rebound.

Daily Pivots: (S1) 1.6054; (P) 1.6085; (R1) 1.6110; More...

Intraday bias in EUR/AUD remains on the downside for now, despite some loss of momentum as seen in 4H MACD. Current down trend should target 100% projection of 1.6679 to 1.6211 from 1.6418 at 1.5950. On the upside, above 1.6125 minor resistance will turn intraday bias neutral and bring consolidations again, before staging another decline.

In the bigger picture, fall from 1.7062 medium term top is seen as a correction to the up trend from 1.4281 (2022 low). In case of deeper fall, strong support is expected around 1.5846 and 38.2% retracement of 1.4281 to 1.7062 at 1.6000 to bring rebound. Break of 1.7062 is in favor as a later stage.

Daily Pivots: (S1) 0.9490; (P) 0.9531; (R1) 0.9582; More....

Intraday bias in EUR/CHF remains neutral for consolidation above 0.9476. While stronger recovery cannot be ruled out, outlook will stay bearish as long as 0.9683 resistance holds, and fall from 0.9928 is expected to resume later. Below 0.9476 and sustained trading below 61.8% retracement of 0.9252 to 0.9928 at 0.9510 will raise the chance of long term down trend resumption, and target 0.9252 low next.

In the bigger picture, the break of 0.9563 support, as well as 55 W EMA (now at 0.9672) argues that rebound from 0.9252 has completed at 0.9928. Medium term bearish is maintained with both 1.0095 resistance intact. Firm break of 0.9252 will resume the down trend from 1.2004 (2018 high).

Daily Pivots: (S1) 1.3674; (P) 1.3697; (R1) 1.3713; More...

No change in USD/CAD's outlook as range trading continues below 1.3790. Corrective fall from 1.3845 should have completed already. Further rally is expected as long as 1.3662 support holds. Break of 1.3790 will target a retest on 1.3845 first. Nevertheless, break of 1.3662 will turn bias to the downside to extend the corrective pattern from 1.3845 with another falling leg.

In the bigger picture, price actions from 1.3976 (2022 high) are viewed as a corrective pattern. In case of another fall, strong support should emerge above 1.2947 resistance turned support to bring rebound. Firm break of 1.3976 will confirm up resumption of whole up trend from 1.2005 (2021 low). Next target is 61.8% projection of 1.2401 to 1.3976 from 1.3176 at 1.4149.

Daily Pivots: (S1) 0.6643; (P) 0.6661; (R1) 0.6674; More...

No change in AUD/USD's outlook as range trading continues below 0.6713. Intraday bias remains neutral for the moment. Further rally remains in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) intact. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 to 0.6870 resistance next. However, sustained break of 0.6578 will dampen this bullish view, and bring deeper fall to 61.8% retracement at 0.6495.

In the bigger picture, price actions from 0.6169 (2022 low) are seen as a medium term corrective pattern to the down trend from 0.8006 (2021 high). Fall from 0.7156 (2023 high) is seen as the second leg, which could have completed at 0.6269 already. Rise from there is seen as the third leg which is now trying to resume through 0.6870 resistance.

Daily Pivots: (S1) 1.0686; (P) 1.0719; (R1) 1.0735; More....

Intraday bias in EUR/USD remains neutral first and further decline is still expected. Break of 1.0667 will resume the fall from 1.0915, as another leg in the larger corrective pattern. Next target is 1.0601 low. However, break of 1.0760 resistance will turn bias back to the upside for stronger rebound instead.

In the bigger picture, price actions from 1.1274 are viewed as a corrective pattern that's still in progress. Break of 1.0601 will target 1.0447 support and possibly further to 100% projection of 1.1274 to 1.0447 from 1.1138 at 1.0311. For now, this will remain the favored case as long as 1.0915 resistance holds, in case of rebound.

Daily Pivots: (S1) 1.2633; (P) 1.2679; (R1) 1.2704; More...

Intraday bias in GBP/USD remains neutral for the moment. While consolidation from 1.2656 could extend, risk will stay on the downside as long as 1.2859 resistance holds. Firm break of 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and below.

In the bigger picture, price actions from 1.3141 medium term top are seen as a corrective pattern. Fall from 1.2892 is seen as the third leg which might have completed already. Break of 1.2892 resistance will argue that larger up trend from 1.0351(2022 low) is ready to resume through 1.3141. Meanwhile, break of 1.2445 support will extend the corrective pattern with another decline instead.

Daily Pivots: (S1) 0.8855; (P) 0.8891; (R1) 0.8949; More….

USD/CHF is staying in consolidation above 0.8825 and intraday bias remains neutral for the moment. Outlook will stay bearish as long as 0.8992 resistance holds. On the downside, break of 0.8825 will resume the fall from 0.9223. Next target is 61.8% retracement of 0.8332 to 0.9223 at 0.8672.

In the bigger picture, price actions from 0.8332 medium term bottom are seen as developing into a corrective pattern to the down trend from 1.0146 (2022 high). Rejection by 0.9243 resistance affirms this case, and maintains medium term bearishness. While more range trading could be seen between 0.8332/0.9243 first, downside break out is mildly in favor at a later stage.