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Daily Pivots: (S1) 148.42; (P) 151.16; (R1) 152.72; More… USD/JPY’s fall from 161.94 is still in progress and hit 148.66 fibonacci level already. Strong support could be seen from the current level, which is close to medium term channel support (now at 148.22) to bring rebound. However, break of 155.21 resistance is needed to confirm […]

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07/09/2024

EUR/JPY Weekly Outlook

EUR/JPY’s fall from 163.86 extended lower last week and the development suggests that rebound from 154.40 has completed at 163.86, ahead of 55 D EMA. Initial bias remains on the downside this week for retesting 154.40. Break there will resume the whole decline from 175.41 to 153.15 support. On the upside, above 160.01 support turned […]
05/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3610; (P) 1.3648; (R1) 1.3679; More… Intraday bias in USD/CAD remains neutral first. Break of 1.3589 will resume the corrective fall from 1.3845 to 100% projection of 1.3845 to 1.3589 from 1.3790 at 1.3534. Strong support would be seen there to bring rebound. On the upside, above 1.3686 minor resistance will turn […]
15/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 179.23; (P) 180.22; (R1) 182.10; More… GBP/JPY recovered after dipping to 178.32 and intraday bias is turned neutral first. Deeper decline is expected as long as 184.30 resistance holds. Break of 178.32 will resume the whole decline from 188.63. Sustained break of 178.02 will pave the way to 38.2% retracement of 148.93 […]