USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 0.8470; (P) 0.8491; (R1) 0.8520; More… No change in USD/CHF’s outlook and intraday bias stays neutral. More consolidations could be seen above 0.8399. Further decline is expected as long as 0.8540 resistance holds. Break of 0.8339 will target 61.8% projection of 0.9049 to 0.8431 from 0.8747 at 0.8365, and then 0.8332 low. […]

Daily Pivots: (S1) 0.8580; (P) 0.8593; (R1) 0.8601; More… Intraday bias in EUR/GBP remains neutral at this point. Further decline is expected as long as 0.8638 minor resistance holds. On the downside, below 0.8585 will resume the fall from 0.8713 to 0.8548 support. Firm break there will target 0.8491 low next. In the bigger picture, […]

Daily Pivots: (S1) 0.8534; (P) 0.8544; (R1) 0.8559; More… Intraday bias in EUR/GBP stays neutral at this point. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 has completed at 0.8601. Intraday bias will be back on the downside for retesting 0.8497 low next. On the upside, break […]