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EUR/JPY edged higher last week but failed to break through 163.86 resistance. Initial bias remains neutral this week first. On the upside, firm break of 163.86 resistance will resume the rebound from 154.40 to 61.8% retracement of 175.41 to 154.40 at 167.38. On the downside, break of 161.00 minor support will turn bias back to […]

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12/08/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9370; (P) 0.9423; (R1) 0.9497; More…. Intraday bias in EUR/CHF stays neutral and further decline is still expected with 0.9476 support turned resistance intact. On the downside, break of 0.9354 minor support will turn bias back to the downside for retesting 0.9209 low first. On the upside, however, sustained break of 0.9476 […]
19/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 170.43; (P) 171.01; (R1) 172.02; More… EUR/JPY recovered after dipping to 169.98 and intraday bias is turned neutral first. Further fall is in favor as long as 172.91 resistance holds. Sustained trading below 55 D EMA (now at 170.30) will target 38.2% retracement of 153.15 to 175.41 at 166.90, as a correction […]
17/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 154.18; (P) 154.48; (R1) 155.04; More… Intraday bias stays mildly on the upside with 153.89 minor support intact. USD/JPY is still in favor to rise towards 155.20 fibonacci projection level. But upside could be limited there, at least on first attempt, to bring pull back. On the downside, below 153.89 will turn […]