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Daily Pivots: (S1) 149.19; (P) 149.74; (R1) 150.10; More… USD/JPY recovered mildly ahead of 4H MACD, but stays below 150.31 temporary top. Intraday bias remains neutral first. Further rally is expected as long as 146.47 resistance turned support holds. Above 150.31 will resume the rebound from 139.57 to 61.8% retracement of 161.94 to 139.57 at […]

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EUR/USD Mid-Day Outlook

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23/07/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0875; (P) 1.0889; (R1) 1.0905; More…. Intraday bias in EUR/USD remains neutral and further rise is in favor as long as 1.0871 minor support holds. Break of 1.0947 will target 100% projection of 1.0601 to 1.0915 from 1.0665 at 1.0979. However, firm break of 1.0871 will turn bias to the downside for […]
19/10/2024

EUR/JPY Weekly Outlook

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 […]
20/09/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 158.00; (P) 158.99; (R1) 160.19; More…. Intraday bias in EUR/JPY remains mildly on the upside for the moment. Rise from 155.14 is seen as the third leg of the corrective pattern from 154.40. Further rally would be seen to 163.89, and possibly further to 61.8% retracement of 175.41 to 154.40 at 167.38. […]