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Daily Pivots: (S1) 207.68; (P) 208.35; (R1) 208.82; More...

GBP/JPY's up trend resumed by breaking through 208.92 and intraday bias is back on the upside, next target is 61.8% projection of 184.35 to 205.30 from 199.04 at 211.98. On the downside, below 207.94 support will turn intraday bias and bring consolidations again.

In the bigger picture, up trend from 123.94 (2020 low) is resuming. Next target is 61.8% projection of 148.93 to 208.09 from 184.35 at 220.90. On the downside, break of 199.04 support is needed to indicate medium term topping. Otherwise, outlook will stay bullish even in case of deep pullback.

Daily Pivots: (S1) 182.06; (P) 182.61; (R1) 182.94; More...

EUR/JPY's up trend resumed with today's strong rally and met 100% projection of 161.06 to 173.87 from 171.09 at 183.90. Strong resistance could be seen from this level to limit upside, and below 182.23 minor support will turn bias to the downside for 180.07. However, decisive break of 183.90 will pave the way to long term projection at 186.31 next.

In the bigger picture, up trend from 114.42 (2020 low) is in progress and should target 61.8% projection of 124.37 to 175.41 from 154.77 at 186.31. However, considering bearish divergence condition in D MACD, upside should be capped by 186.31 on first attempt. Outlook will continue to stay bullish as long as 55 W EMA (now at 170.73) holds, even in case of deep pullback.

Daily Pivots: (S1) 0.8735; (P) 0.8761; (R1) 0.8788; More…

Range trading continues in EUR/GBP and intraday bias stays neutral. Further decline remains in favor with 0.8800 resistance intact. Break of 0.8720 will resume the fall from 0.8863 short term top to 0.8631 cluster (38.2% retracement of 0.8221 to 0.8663 at 0.8618). Nevertheless, firm break of 0.8800 will suggest that corrective fall from 0.8863 has completed at 0.8720. Stronger rally should be seen to retest 0.8863 high.

In the bigger picture, rise from 0.8221 medium term bottom is still seen as a corrective move. Upside should be limited by 61.8% retracement of 0.9267 to 0.8221 at 0.8867. Sustained trading below 55 W EMA (now at 0.8605) 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.

Daily Pivots: (S1) 1.7688; (P) 1.7748; (R1) 1.7789; More...

Intraday bias in EUR/AUD is turned neutral with current retreat. Further rise will remain in favor as long as 1.7635 support holds. Fall from 1.1806 might have completed with three waves down to 1.7477. Above 1.7804 will target 1.7976 resistance next. Nevertheless, break of 1.7635 will revive near term bearishness and target 1.7477 again.

In the bigger picture, as long as 55 W EMA (now at 1.7465) holds, price actions from 1.8554 could still be a correction to rise from 1.5963 only. However, sustained break of the EMA will argue that it's already correcting the whole up trend from 1.4281 (2022 low). In this case, deeper decline would be seen to 38.2% retracement of 1.4281 to 1.8554 at 1.6922.

Daily Pivots: (S1) 0.9297; (P) 0.9320; (R1) 0.9332; More....

EUR/CHF's fall from 0.9394 resumed and the break of 0.9311 support argues that rebound from 0.9178 has completed. Intraday bias is back on the downside. Sustained trading below 55 D EMA (now at 0.9317) will pave the way back to retest 0.9178 low. Nevertheless, break of 0.9366 resistance will resume the rise from 0.9178 through 0.9394.

In the bigger picture, EUR/CHF has breached long term falling channel resistance as the rebound from 0.9278 extends. Considering bullish convergence condition in W MACD, sustained trading above 55 W EMA (now at 0.9316) will indicate medium term bottoming at 0.9178, and suggests that it's already in larger scale rebound. Further break of 0.9452 resistance will bring stronger medium term rally towards 0.9928 resistance next. Nevertheless, rejection by 55 W EMA will retain bearishness for another fall through 0.9278 at a later stage.

Daily Pivots: (S1) 0.6594; (P) 0.6612; (R1) 0.6632; More...

AUD/USD is still extending consolidations below 0.6685 and intraday bias stays neutral. On the upside, firm break of 0.6706 will confirm resumption of whole rise from 0.5913. Next target is 61.8% projection of 0.5913 to 0.6706 from 0.6420 at 0.6910. However, sustained break of 55 D EMA (now at 0.6561) will extend the corrective pattern from 0.6706 with another falling leg, and target 0.6420 support.

In the bigger picture, the break of multi-year falling trend line resistance suggests that rise from 0.5913 is possibly reversing whole down trend from 08006 (2021 high). Decisive break of 38.2% retracement of 0.8006 to 0.5913 at 0.6713 will solidify this case, and bring further rally to 61.8% retracement at 0.7206. On the downside, however, firm break of 0.6420 support will suggest rejection by 0.6713 and retain medium term bearishness.

Daily Pivots: (S1) 1.3758; (P) 1.3777; (R1) 1.3798; More...

Intraday bias in USD/CAD stays neutral as range trading continues. With 1.3879 resistance intact, further decline is expected. On the downside, sustained trading below 61.8% retracement of 1.3538 to 1.4139 at 1.3768 will argue that whole fall form 1.4791 might be ready to resume. Retest of 1.3538 low should be seen next. However, firm break of 1.3870 resistance will confirm short term bottoming, and turn bias back to the upside for stronger rebound.

In the bigger picture, current development suggests that price actions from 1.4791 is developing into a deeper, larger scale correction. In the less bearish case, it's just correcting the rise from 1.2005 (2021 low). But even so, break of 1.3538 will pave the way to 61.8% projection of 1.4791 to 1.3538 from 1.4139 at 1.3365. This will remain the favored case as long as 1.4139 resistance holds, in case of rebound.

Daily Pivots: (S1) 1.1704; (P) 1.1734; (R1) 1.1754; More….

Intraday bias in EUR/USD remains neutral as range trading continues below 1.1803. On the upside break of 1.1803 will resume the rally from 1.1467 to retest 1.1917 high. Decisive break there will resume larger up trend. On the downside, however, firm break of 55 D EMA (now at 1.1640) will turn bias back to the downside for 1.1467 support, to extend the corrective pattern form 1.19717 with another falling leg.

In the bigger picture, as long as 55 W EMA (now at 1.1373) holds, up trend from 0.9534 (2022 low) is still in favor to continue. Decisive break of 1.2 key psychological level will carry larger bullish implication. However, sustained trading below 55 W EMA will argue that rise from 0.9534 has completed as a three wave corrective bounce, and keep long term outlook bearish.

Daily Pivots: (S1) 1.3333; (P) 1.3390; (R1) 1.3439; More...

Intraday bias in GBP/USD remains neutral as it's still bounded in range below 1.3455. On the upside, above 1.3455 will resume the rebound from 1.3008. Firm break of 1.3470 resistance will pave the way to retest 1.3787 high. However, sustained break of 55 D EMA (now at 1.3298) will argue that the rebound has completed. Deeper fall would be seen back to 1.3008 support to resume the whole corrective pattern from 1.3787 high.

In the bigger picture, current development suggests that fall from 1.3787 is merely a corrective move, and larger rise from 1.0351 (2022 low) is still in progress. Firm break of 1.3787 will target 1.4248 (2021 high) key structural resistance. This will remain the favored case as long as target 38.2% retracement of 1.0351 to 1.3787 at 1.2474 holds, in case of another fall.

Daily Pivots: (S1) 0.7924; (P) 0.7945; (R1) 0.7961; More….

Range trading continues in USD/CHF and intraday bias stays neutral. Overall, corrective pattern from 0.7828 is still extending. On the upside, break of 0.7990 support turned resistance will bring stronger rebound towards 0.8084. On the downside, below 0.7923 will target 0.7877 support.

In the bigger picture, outlook will stay bearish as long as 0.8332 support turned resistance holds (2023 low). Long term 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.