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Daily Pivots: (S1) 145.09; (P) 145.52; (R1) 146.19; More… USD/JPY is still staying below 146.40 and intraday bias remains neutral. Rebound from 140.25 could extend through 146.40, but upside should be limited by 61.8% retracement of 151.89 to 140.25 at 147.44. On the downside, break of 143.41 will turn bias back to the downside for […]

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20/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 155.29; (P) 155.63; (R1) 156.02; More… Intraday bias in USD/JPY stays neutral at this point. Price actions from 160.20 are seen as a corrective pattern. On the upside, break of 156.78 will resume the rise from 151.86, as the second leg, to retest 160.20 high. On the downside, below 153.59 will target […]
05/04/2024

USD/CAD Mid-Day Outlook

Daily Pivots: (S1) 1.3495; (P) 1.3527; (R1) 1.3576; More… USD/CAD’s rally from 1.3716 resumed by breaking through 1.3613 resistance and intraday bias is back on the upside. Current rise should target channel resistance at 1.3664 first. Sustained break there would prompt upside acceleration towards 1.3897 resistance next. For now, near term outlook will stay bullish […]
11/09/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 185.34; (P) 186.72; (R1) 187.71; More… GBP/JPY’s fall from 193.45 extends lower today and intraday bias stays on the downside for retesting 180.00 low. Break there will resume whole fall from 208.09. On the upside, above 188.08 minor resistance will turn intraday bias neutral. In the bigger picture, price actions from 208.09 […]