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Daily Pivots: (S1) 1.3681; (P) 1.3696; (R1) 1.3717; More… Current strong rebound suggests that USD/CAD’s fall from 1.3790 has finished at 1.3626. Intraday bias is back on the upside for 1.3790 resistance. Firm break there should indicate that consolidation from 1.3845 has completed with three waves to 1.3626. Retest of 1.3845 high should be seen […]

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EUR/USD Daily Outlook

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21/07/2024

USD/JPY Weekly Outlook

USD/JPY’s correction from 161.94 extended to 155.36 last week but recovered since then. Initial bias remains neutral this week and further fall is expected with 158.85 resistance intact. Below 155.36 will target 38.2% retracement of 140.25 to 161.94 at 153.65. On the upside, above 158.85 resistance will turn bias back to the upside for stronger […]
10/08/2024

USD/JPY Weekly Outlook

USD/JPY rebounded strongly after initial dive to 141.67 last week. While further rally cannot be ruled out, outlook will stay bearish as long as 38.2% retracement of 161.94 to 141.67 at 149.41 holds. Below 144.04 minor support will turn bias to the downside for 141.67. Break there will resume the fall from 161.94 to 140.25 […]
12/12/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 145.12; (P) 145.85; (R1) 146.89; More… Intraday bias in USD/JPY stays neutral for the moment. On the downside, firm break of 144.80 minor support will suggest that rebound from 141.59 has completed at 146.58, after rejection by 55 4H EMA. Intraday bias will then be back on the downside for retesting 141.59 […]