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Daily Pivots: (S1) 146.43; (P) 147.32; (R1) 148.11; More… Outlook in USD/JPY remains bearish with 38.2% retracement of 161.94 to 141.67 at 149.41 intact and intraday bias stays neutral. Below 145.42 minor support will turn bias to the downside for 141.67. Break there will resume the fall from 161.94 to 140.25 support next. Nevertheless, decisive […]

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USD/JPY Mid-Day Outlook

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30/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.05; (P) 147.70; (R1) 148.14; More… USD/JPY is still bounded in consolidation from 148.79 and intraday bias remains neutral. With 145.97 resistance turned support intact, further rally is in favor. As noted before, corrective fall from 151.89 should have completed at 140.25 already. Break of 148.79 will resume the rise from there […]
10/04/2024

AUD/USD Mid-Day Report

Daily Pivots: (S1) 0.6602; (P) 0.6624; (R1) 0.6649; More… AUD/USD’s break of 0.6548 suggests that rebound from 0.6480 has completed at 0.6643. Intraday bias is back on the downside for 0.6480 support. Firm break there will argue that whole fall from 0.6870 is ready to resume through 0.6442 support. For now, risk will stay mildly […]
24/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 154.63; (P) 154.76; (R1) 154.95; More… Outlook in USD/JPY is unchanged and intraday bias remains mildly on the upside for further rally. However, considering bearish divergence condition in 4H MACD, strong resistance should be seen from 155.20 fibonacci level to bring correction on first attempt. On the downside, break of 153.58 support […]