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Daily Pivots: (S1) 141.01; (P) 141.74; (R1) 143.16; More… Outlook in USD/JPY remains unchanged and intraday bias stays neutral. Considering bullish convergence condition in 4H MACD, break of 143.03 resistance will indicate short term bottoming and turn bias back to the upside for rebound towards 147.20. However, decisive break of 139.26 fibonacci level would carry […]

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EUR/USD Daily Outlook

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11/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 152.09; (P) 152.66; (R1) 153.73; More… No change in USD/JPY’s outlook and intraday bias remains on the upside. Sustained break of 61.8% projection of 140.25 to 150.87 from 146.47 at 153.03 will target 155.20 projection level next. On the downside, below 151.95 support will turn intraday bias neutral again. But outlook will […]
01/04/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 151.18; (P) 151.34; (R1) 151.51; More… Intraday bias in USD/JPY remains neutral as range trading continues below 151.96. On the downside, break of 150.25 support should confirm short term topping, and turn bias back to the downside for 55 D EMA (now at 149.25). Nevertheless, sustained break of 151.93 key resistance will […]
06/03/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8534; (P) 0.8547; (R1) 0.8559; More… Range trading continues in EUR/GBP and intraday bias remains neutral first. Considering bullish convergence condition in D MACD, decisive break of 0.8577 and 55 D EMA (now at 0.8572) will argue that fall from 0.8764 has completed. Intraday bias will be back on the upside for […]