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Daily Pivots: (S1) 210.68; (P) 211.22; (R1) 211.50; More...

Intraday bias in GBP/JPY stays neutral for the moment. Considering bearish divergence condition in 4H MACD, firm break of 210.48 support should confirm short term topping. Deeper decline would be seen to 55 D EMA (now at 206.89) as a correction. Nevertheless, sustained break of 61.8% projection of 184.35 to 205.30 from 199.04 at 211.98 will extend current up trend to 100% projection at 219.99 next.

In the bigger picture, up trend from 123.94 (2020 low) is in progress. Next target is 61.8% projection of 148.93 to 208.09 from 184.35 at 220.90. On the downside, break of 205.30 resistance turned support is needed to indicate medium term topping. Otherwise, outlook will stay bullish even in case of deep pullback.

Daily Pivots: (S1) 182.70; (P) 183.04; (R1) 183.36; More...

Intraday bias in EUR/JPY remains mildly on the downside. Corrective fall from 184.89 would extend to 55 D EMA (now at 180.82) and below . But strong support should emerge from 180.07 cluster (38.2% retracement of 172.24 to 184.89 at 180.05) to bring rebound. On the upside, firm break of 184.89 will resume larger up trend to 186.31 fibonacci level.

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. Considering bearish divergence condition in D MACD, upside could be capped by 186.31 on first attempt. Still, outlook will stay bullish as long as 55 W EMA (now at 172.16) holds, even in case of deep pullback. Sustained break of 186.31 will pave the way to 100% projection at 205.81 next.

Daily Pivots: (S1) 0.8660; (P) 0.8669; (R1) 0.8686; More…

Intraday bias in EUR/GBP is turned neutral as recovery from 0.8643 extends. Further decline is expected as long as 0.8720 support turned resistance holds. On the downside, decisive break of 0.8631 cluster support (38.2% retracement of 0.8221 to 0.8663 at 0.8618) will carry larger bearish implications. Nevertheless, sustained break of 0.8720 will bring stronger rally back to 0.8796 resistance instead.

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 0.8617) 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) 1.7310; (P) 1.7354; (R1) 1.7418; More...

EUR/AUD recovered after hitting 1.7287 and intraday bias is turned neutral first. Further decline is expected as long as 1.7477 support turned resistance holds. Fall from 1.8160 is seen as the third leg of the pattern from 1.8554. Break of 1.7245 support will target 1.6922 fibonacci level. However, firm break of 1.7477 will turn bias back to the upside for stronger rebound.

In the bigger picture, as long as 55 W EMA (now at 1.7472) 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) 0.9308; (R1) 0.9327; More....

Intraday bias in EUR/CHF remains neutral with immediate focus on 0.9315 resistance. Firm break there will argue that pullback from 0.9394 has completed at 0.9268 already. Intraday bias will then be back on the upside for retesting 0.9394. Nevertheless, rejection by 0.9315 will keep near term risk on the downside. Break of 0.9268 will resume the fall from 0.9394 to retest 0.9178 low.

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 0.9366) 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 0.9178 at a later stage.

Daily Pivots: (S1) 1.1666; (P) 1.1684; (R1) 1.1696; More….

No change in EUR/USD's outlook and intraday bias remains neutral. Rise from 1.1467 could still be in progress. Firm break of 1.1807 resistance will resume the rally to retest 1.1917 high. However, break of 1.1658 support will target 1.1467, as corrective pattern from 1.1917 has started the third leg.

In the bigger picture, as long as 55 W EMA (now at 1.1408) 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) 156.44; (P) 156.62; (R1) 156.95; More...

Sideway consolidations continue in USD/JPY below 157.88 and intraday bias remains neutral. Further rally is expected with 154.33 support intact. On the upside, firm break of 158.85 key structural resistance will be an important medium term bullish sign. Next target will be 161.94 high. However, decisive break of 154.33 will turn bias to the downside for deeper correction.

In the bigger picture, corrective pattern from 161.94 (2024 high) could have completed with three waves at 139.87. Larger up trend from 102.58 (2021 low) could be ready to resume through 161.94 high. Decisive break of 158.85 structural resistance will solidify this bullish case and target 161.94 for confirmation. On the downside, break of 150.90 resistance turned support will dampen this bullish view and extend the corrective range pattern with another falling leg.

Daily Pivots: (S1) 1.3436; (P) 1.3477; (R1) 1.3497; More...

GBP/USD is still holding above 1.3401 support despite extended retreat from 1.3567. Intraday bias remains neutral and further rally is expected. On the upside, break of 1.3567 will resume the rise from 1.3008 to retest 1.3787 high. However, firm break of 1.3401 will confirm short term topping, and bring deeper fall back to 55 D EMA (now at 1.3365) and possibly below.

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) 0.7955; (P) 0.7967; (R1) 0.7990; More….

Immediate focus is now on 0.7986 resistance as USD/CHF's rebound from 0.7860 extends today. Firm break there will will argue that corrective pattern from 0.7828 is still extending with another rising leg already in progress. Bias will be turned back to the upside for 0.8123 resistance. Nevertheless, on the downside, below 0.7905 support will turn bias to the downside. Break of 0.7860 will target a retest on 0.7828 low.

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.

Daily Pivots: (S1) 0.6704; (P) 0.6735; (R1) 0.6754; More...

Intraday bias in AUD/USD is turned neutral again with current retreat. Some consolidations would be seen but further rally is expected as long as 0.6659 support holds. Above 0.6765 will resume the whole rise from 0.5913 and target 61.8% projection of 0.5913 to 0.6706 from 0.6420 at 0.6910. However, considering bearish divergence condition in 4H MACD, firm break of 0.6659 will confirm short term topping, and bring deeper correction back towards 0.6592 support.

In the bigger picture, current development argues that rise form 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 0.6420 support holds.