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Daily Pivots: (S1) 150.07; (P) 150.78; (R1) 152.09; More...

Intraday bias in GBP/JPY is mildly on the upside for 152.82 resistance first. Sustained break there will argue that whole consolidative pattern from 156.05 has completed and bring retest of this high. On the downside, decisive break of 148.43/149.16 key support zone will resume whole fall from 156.05 to 143.78 fibonacci level.

In the bigger picture, rise from 123.94 is seen as the third leg of the pattern from 122.75 (2016 low). As long as 149.03 support holds, such rise would still resume at a later stage. However, sustained break of 149.03 support will indicate rejection by 156.59. Fall from 156.05 would be at least correcting the whole rise from 123.94. Deeper fall would be seen back 38.2% retracement of 123.94 to 156.05 at 143.78 first.

Daily Pivots: (S1) 128.72; (P) 129.13; (R1) 129.95; More....

Focus is now on 129.65 minor resistance in EUR/JPY with current rebound. Firm break there will bring stronger rise to 130.73 resistance. Sustained break there will argue that whole pattern from 134.11 has completed and turn near term outlook bullish for retesting this high. On the downside, break of 127.91 will resume the fall from 134.11 and target 127.07 resistance turned support. Sustained break there will carry larger bearish implication and pave the way to 121.91 fibonacci level.

In the bigger picture, rise from 114.42 is seen as a medium term rising leg inside a long term sideway pattern. As long as 127.07 resistance turned support holds, further rise is still expected to retest 137.49 (2018 high). However, firm break of 127.07 will argue that the medium term trend has reversed, deeper fall would be seen to 61.8% retracement of 114.42 to 134.11 at 121.94.

Daily Pivots: (S1) 0.8533; (P) 0.8561; (R1) 0.8586; More...

Intraday bias in EUR/GBP remains neutral for the moment. On the upside, firm break of 0.8612 will resume the rebound from 0.8448 to 0.8688 key structural resistance. Sustained break there will be a strong sign of larger bullish reversal. On the downside, however, break of 0.8499 support will bring another fall towards 0.8448 low instead.

In the bigger picture, price actions from 0.9499 (2020 high) are still seen as developing into a corrective pattern. Deeper fall could be seen as long as 0.8668 resistance holds, towards long term support at 0.8276. However, firm break of 0.8668 resistance would argue that a medium term bottom was already formed. Stronger rise would be seen to 0.8861 support turned resistance to confirm completion of the corrective pattern.

Daily Pivots: (S1) 1.6034; (P) 1.6115; (R1) 1.6170; More...

No change in EUR/AUD's outlook as another rise is still in favor with 1.6059 minor support intact. Above 1.6232 will target a test on 1.6434 high first. However, firm break of 1.6059 will bring retest of 1.5898 key support level. Overall, with 1.5898 support intact, larger rise from 1.5250 is still in progress. Break of 1.6434 will confirm resumption, for 1.6988 fibonacci level.

In the bigger picture, rise from 1.5250 medium term bottom is currently seen as a correction to the down trend from 1.9799 first. Stronger rise could be seen to 38.2% retracement of 1.9799 to 1.5250 at 1.6988 next. We'd tentatively expect strong resistance from there to limit upside, at least on first attempt. Meanwhile, break of 1.5898 support will indicate that the rebound has completed. Larger down trend from 1.9799 might be ready to resume through 1.5250 low.

Daily Pivots: (S1) 1.0830; (P) 1.0846; (R1) 1.0868; More....

Intraday bias in EUR/CHF is turned neutral with current recovery. But further fall is in favor with 1.0884 minor resistance intact. On the downside, below 1.0811 will resume the fall from 1.0936 to retest 1.0694 low. On the upside, break of 1.0884 minor resistance will turn bias back to the upside for 1.0936 again.

In the bigger picture, the stronger than expected rebound from 1.0694 and break of 55 week EMA (now at 1.0861) mixes up the medium term outlook. On the upside, break of 1.1149 will resume the whole rise from 1.0505 (2020 low). On the downside, break of 1.0694 will revive some medium term bearishness for 1.0505 and below.

Daily Pivots: (S1) 0.7241; (P) 0.7279; (R1) 0.7334; More...

Intraday bias in AUD/USD is neutral for some consolidations. But another rise is mildly in favor with 0.7320 minor resistance intact. Below 0.7219 will target 0.7105 low first. Firm break there will resume whole decline from 0.8006 for 0.6991 support next. On the upside, above 0.7320 minor resistance will turn bias back to the upside for 0.7477 resistance instead.

In the bigger picture, with 0.6991 cluster support (38.2% retracement of 0.5506 to 0.8006 at 0.7051) intact, we're seeing price action from 0.8006 as a correction only. That is, up trend from 0.5506 low would resume after the correction completes. In that case, main focus will be 0.8135 key resistance (2018 high). Sustained break there will carry larger bullish implications. However, sustained break of 0.6991 will argue that the whole medium term trend has indeed reversed.

Daily Pivots: (S1) 1.2595; (P) 1.2696; (R1) 1.2757; More...

Intraday bias in USD/CAD remains neutral with focus on 1.2635 support. Break there will extend the pattern from 1.2947 and turn intraday bias to the downside for 1.2492 support. But overall, rise from 1.2005 is still in progress with 1.2421 support intact. On the upside, above 1.2891 will bring retest of 1.2947 high first.

In the bigger picture, fall from 1.4667 is seen as the third leg of the corrective pattern from 1.4689 (2016 high). It should have completed after hitting 1.2061 (2017 low) and 50% retracement of 0.9406 to 1.4689 at 1.2048. Sustained break of 38.2% retracement of 1.4667 to 1.2005 at 1.3022 will pave the way to 61.8% retracement at 1.3650 and above. Overall, medium term outlook remains neutral at worst with 1.2048/61 support zone intact.

Daily Pivots: (S1) 1.1699; (P) 1.1725; (R1) 1.1765; More...

Intraday bias in EUR/USD remains neutral at this point. On the downside, sustained break of 1.1663 support will resume the fall from 1.2265, and the pattern from 1.2348, to 1.1602 key support next. On the upside, however, above 1.1754 minor resistance will turn bias back to the upside for 1.1908 again.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally remains in favors long as 1.1602 support holds, to cluster resistance at 1.2555 next, (38.2% retracement of 1.6039 to 1.0339 at 1.2516). However sustained break of 1.1602 will argue that the rise from 1.0635 is over, and turn medium term outlook bearish again. Deeper fall would be seen to 61.8% retracement of 1.0635 to 1.2348 at 1.1289 and below.

Daily Pivots: (S1) 1.3638; (P) 1.3694; (R1) 1.3777; More...

Intraday bias in GBP/USD is mildly on the upside at this point. Rebound from 1.3608 could extend to 1.3912 resistance first. Decisive break there will argue that consolidation pattern from 1.4248 has completed and stronger rally to retest this high. On the downside, however, break of 1.3570 support will target 1.3482 key support level. Sustained break there will carry larger bearish implication and target 1.3163 fibonacci level.

In the bigger picture, as long as 1.3482 resistance turned support holds, we'd still treat price actions from 1.4248 as a corrective move. That is, up trend from 1.1409 (2020 low) is in favor to resume. Decisive break of 1.4376 key resistance (2018 high) would indeed carry long term bullish implications. However, sustained break of 1.3482 will at least bring deeper fall to 38.2% retracement of 1.1409 to 1.4248 at 1.3164, or even further to 61.8% retracement at 1.2493.

Daily Pivots: (S1) 0.9217; (P) 0.9246; (R1) 0.9273; More....

USD/CHF is still bounded in consolidation below 0.9331 and intraday bias stays neutral for the moment. Rises from 0.9017 and 0.8925 are in favor to continue as long as 0.9162 support holds. On the upside, break of 0.9331 resistance will target 0.9471 key resistance. Sustained break there will carry larger bullish implications. However, break of 0.9162 will turn bias back to the downside for 0.9017 support instead.

In the bigger picture, the strong rally above 55 week EMA (now at 0.9175) now tilts favor to the case of bullish trend reversal. That is, decline from 1.3042 (2016 high) is probably completed at 0.8756 already. Sustained break of 0.9471 resistance should confirm this case and pave the way to retest 1.0342 ahead. However, rejection by 0.9471 will mix up the outlook again and retain some medium term bearishness.