USD/JPY Mid-Day Outlook

USD/CAD edged lower to 1.3589 last week but recovered. Initial bias remains neutral this week first. Further decline is in favor as long as 1.3689 resistance holds. Break of 1.3589 will resume whole fall from 1.3845 and target 100% projection of 1.3845 to 1.3608 from 1.3761 at 1.3524. Also, sustained trading below 55 D EMA […]

Daily Pivots: (S1) 0.8592; (P) 0.8606; (R1) 0.8621; More… EUR/GBP’s fall from 0.8713 resumed by breaking through 0.8585 today. Intraday bias is back on the downside for 0.8548 support first. Firm break there will argue that larger down trend is ready to resume through 0.8491 low. On the upside, break of 0.8619 resistance is needed […]

Daily Pivots: (S1) 0.8653; (P) 0.8677; (R1) 0.8693; More… Break of 0.8649 minor support argues that EUR/GBP’s rebound from 0.8548 has completed at 0.8713. Intraday bias is back on the downside for retesting 0.8548 support. On the upside, however, break of 0.8713 will resume the rebound to 0.8764 key resistance next. In the bigger picture, […]