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Daily Pivots: (S1) 159.49; (P) 160.44; (R1) 161.05; More… Intraday bias in EUR/JPY stays neutral for the moment. While recovery from 154.40 might extending, outlook will remain bearish as long as 38.2% retracement of 175.41 to 154.40 at 162.42 holds. On the downside, below 157.71 minor support will bring retest of 154.40 first. Break there […]

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EUR/USD Daily Outlook

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05/12/2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0795; (P) 1.0845; (R1) 1.0886; More… Intraday bias in EUR/USD remains on the downside for the moment. Current fall from 1.1016 short term to is in progress for 55 D EMA (now at 1.0770). On the upside, above 1.0912 minor resistance will turn intraday bias neutral again first. Further break of 1.1016 […]
16/09/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 140.08; (P) 140.99; (R1) 141.69; More… Outlook in USD/JPY is unchanged and intraday bias stays on the downside. Some support could be seen from 139.26 fibonacci level to bring rebound. But outlook will remain bearish as long as 143.03 resistance holds. Decisive break of 139.26 would carry larger bearish implications, and target […]
18/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3580; (P) 1.3598; (R1) 1.3617; More… USD/CAD is still extending sideway trading and intraday bias remains neutral. On the downside, below 1.3545 minor support will suggest that recovery from 1.3439 has completed, turn bias to the downside for retesting this low. Nevertheless, decisive break of 38.2% retracement of 1.3946 to 1.3439 at […]