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Daily Pivots: (S1) 140.66; (P) 143.58; (R1) 145.08; More… Intraday bias in USD/JPY remains on the downside as fall from 146.48 is in progress for retesting 139.578. Strong support could be seen again from 139.26 fibonacci level to bring rebound. However, firm break of 139.26 will carry larger bearish implications. In the bigger picture, fall […]

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EUR/JPY Daily Outlook

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24/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.78; (P) 161.18; (R1) 161.60; More… Intraday bias in EUR/JPY stays neutral for consolidations below 161.81. Even in case of deep retreat, further rally is expected as long as 158.55 resistance turned support holds. On the upside, break of 161.84 will resume whole rally from 153.15 to 161.8% projection of 153.15 to […]
20/03/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 149.58; (P) 150.27; (R1) 151.55; More… USD/JPY surges past 150.87 resistance to resume the rally from 140.25. Intraday bias stays on the upside for next key resistance at 151.93. Decisive break there will confirm long term up trend resumption. Next near term target will be 61.8% projection of 140.25 to 150.87 from […]
16/04/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 153.34; (P) 153.89; (R1) 154.83; More… USD/JPY’s rally is still in progress and intraday bias stays on the upside. Current up trend should target 155.20 fibonacci projection level next. On the downside, below 154.12 minor support will turn intraday bias neutral and bring consolidations again, before staging another rally. In the bigger […]