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Daily Pivots: (S1) 142.14; (P) 143.07; (R1) 144.80; More....

Intraday bias in EUR/JPY remains on the upside at this point. Decisive break of 144.26 high will confirm up trend resumption. Next target is 61.8% projection of 124.37 to 144.26 from 133.38 at 145.67. On the downside, below 140.73 minor support will delay the bullish case and turn intraday bias neutral first.

In the bigger picture, up trend from 114.42 (2020 low) is seen as the third leg of the pattern from 109.30 (2016 low). Further rally is in favor as long as 134.11 resistance turned support holds, even in case of deep pull back. Next target is 149.76 (2015 high). However, sustained break of 134.11 will be a sign of medium term bearish reversal and turn focus to 124.37 support for confirmation.

Daily Pivots: (S1) 0.8617; (P) 0.8653; (R1) 0.8710; More...

Intraday bias in EUR/GBP is back on the upside as rise from 0.8338 resumed. Decisive break of 0.8720 high will carry larger bullish implications. Next target is 100% projection of 0.8201 to 0.8720 from 0.8338 at 0.8857. For now, further rally will remain in favor as long as 0.8565 support holds.

In the bigger picture, focus is back on 38.2% retracement of 0.9499 to 0.8201 at 0.8697. Sustained break there will argue that rise from 0.8201 is a medium term up trend, rather than a correction. Next target is 61.8% retracement at 0.9003. Rejection by 0.8697 again will maintain medium term bearishness, for extending the down trend from 0.9499 (2020 high) at a later stage.

Daily Pivots: (S1) 1.4720; (P) 1.4761; (R1) 1.4825; More...

EUR/AUD's rebound from 1.4281 extends higher today and intraday bias is back on the upside. Stronger rally would be seen back towards 1.5396 resistance. On the downside, below 1.4564 minor support will turn bias back to the downside for 1.4281 low instead.

In the bigger picture, down trend from 1.9799 is still in progress. Break of 1.4318 low will target 61.8% projection of 1.9799 to 1.5250 from 1.6434 at 1.3623, which is close to 1.3624 long term support (2017 low). This will remain the favored case now as long as 1.5396 resistance holds.

Daily Pivots: (S1) 0.9738; (P) 0.9760; (R1) 0.9790; More....

Intraday bias in EUR/CHF remains neutral and outlook is unchanged. Corrective rise from 0.9550 might still extend higher. But upside should be limited by 38.2% retracement of 1.0512 to 0.9550 at 0.9917 to bring down trend resumption. On the downside, below 0.9696 minor support will turn bias back to the downside for retesting 0.9550 low.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 138.2% projection of 1.2004 to 1.0505 to 1.1149 at 0.9033. On the upside, break of 0.9970 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

Daily Pivots: (S1) 1.3084; (P) 1.3147; (R1) 1.3182; More...

Intraday bias in USD/CAD remains neutral as range trading continues. But further rally is still in favor with 1.2971 support intact. On the upside, decisive break of 1.3222 will resume larger up trend from 1.2005. Next target is 100% projection of 1.2005 to 1.2947 from 1.2401 at 1.3343.

In the bigger picture, down trend from 1.4667 (2020 high) should have completed at 1.2005, after defending 1.2061 long term cluster support. Rise from there should target 61.8% retracement of 1.4667 to 1.2005 (2021 low) at 1.3650. This will remain the favored case now as long as 1.2516 support holds.

Daily Pivots: (S1) 0.6722; (P) 0.6746; (R1) 0.6793; More...

Intraday bias in AUD/USD stays on the downside for 0.6680 low. Decisive break there will resume larger down trend. Next target is long term fibonacci level at 0.6461. On the upside, break of 0.6855 support turned resistance is needed to indicate short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

In the bigger picture, price actions from 0.8006 (2021 high) is seen more as a corrective pattern to rise from 0.5506 (2020 low). Or it could also be a bearish impulsive move. In either case, outlook will remain bearish as long as 0.7282 resistance holds. Next target is 61.8% retracement of 0.5506 to 0.8006 at 0.6461.

Daily Pivots: (S1) 142.63; (P) 143.81; (R1) 144.94; More...

Intraday bias in USD/JPY stays on the upside at this point. Further rally would be seen to 147.68 long term resistance. Break there will target 161.8% projection of 126.35 to 139.37 from 130.38 at 151.44 next. On the downside, below 142.67 minor support will turn intraday bias neutral and bring consolidations, before staging another rally.

In the bigger picture, up trend from 101.18 is still in progress, as part of the whole up trend from 75.56 (2011 low). Further rise should be seen to 147.68 (1998 high). For now, break of 130.38 support is needed to be the first indication of medium term topping. Otherwise, outlook will stay bullish even in case of deep pull back.

Daily Pivots: (S1) 0.9726; (P) 0.9798; (R1) 0.9836; More...

Intraday bias in USD/CHF is turned neutral first but further rally is expected as long as 0.9691 support holds. On the upside, break of 0.9884 resistance will argue that larger up trend is ready to resume through 1.0063 high. On the downside, however, break of 0.9691 minor support will dampen this view and turn bias back to the downside for 0.9369 support instead.

In the bigger picture, current development suggests that up trend from 0.8756 (2021 low) is still in progress. Sustained break of 1.0063 will target 100% projection of 0.9149 to 1.0063 from 0.9369 at 1.0283, and then 1.0342 (2016 high). For now, this will remain the favored case as long as 0.9369 support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.1449; (P) 1.1494; (R1) 1.1583; More...

GBP/USD recovered after hitting 1.1409 long term support, and intraday bias is turned neutral first. Further decline is in favor as long as 1.1608 minor resistance holds. Firm break of 1.1409 will resume larger down trend to 61.8% projection of 1.3748 to 1.1759 from 1.2292 at 1.1063 next. Considering bullish convergence condition in 4 hour MACD, break of 1.1608 will indicate short term bottoming, and turn bias back to the upside for 55 day EMA (now at 1.1956).

In the bigger picture, based on current momentum, fall from 1.4248 (2018 high) is probably resuming long term down trend from 2.1161 (2007 high). Sustained break of 1.1409 will target 61.8% projection of 1.7190 (2014 high) to 1.1409 (2020 low) from 1.4248 (2021 high) at 1.0675. This will remain the favored case for now as long as 1.2292 resistance holds.

Daily Pivots: (S1) 0.9918; (P) 0.9965; (R1) 1.0053; More...

EUR/USD recovers notably, but stays below 1.0078 resistance. Intraday bias remains neutral and further decline is expected. Decisive break of 61.8% projection of 1.0773 to 0.9951 from 1.0368 at 0.9860 should prompt downside acceleration to 100% projection at 0.9546. On the upside, however, firm break of 1.0078 will indicate short term bottoming, and turn bias back to the upside for 1.0368 resistance instead.

In the bigger picture, down trend from 1.6039 (2008 high) is still in progress. Next target is 100% projection of 1.3993 to 1.0339 from 1.2348 at 0.8694. In any case, outlook will stay bearish as long as 1.0368 resistance holds, even in case of strong rebound.