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USD/JPY dipped to 149.20 last week but quickly recovered. Initial bias remains neutral this week first. On the upside, break of 150.87 will resume the rise from 140.25 to 151.89/93 key resistance zone. On the other hand, considering bearish divergence condition in 4H MACD, firm break of 149.20 will confirm short term topping at 150.87. […]

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EUR/USD Daily Outlook

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06/04/2024

USD/JPY Weekly Outlook

USD/JPY dipped to 150.80 last week but quickly recovered. Initial bias remains neutral this week first. On the downside, break of 150.80 will turn bias back to the downside for deeper pull back to 55 D EMA (now at 149.56). On the upside, however, sustained break of 151.93 key resistance will confirm long term up […]
13/09/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 141.35; (P) 142.20; (R1) 142.66; More… USD/JPY is staying above 140.70 temporary low despite current dip, and intraday bias stays neutral first. Outlook remains bearish as long as 147.20 resistance holds. On the downside, break of 140.70 will resume the fall from 161.94 to 140.25 support, and possibly to 139.26 fibonacci level […]
25/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8450; (P) 0.8464; (R1) 0.8476; More… EUR/GBP is still extending the consolidation pattern from 0.8396 and intraday bias stays neutral. Outlook will stay bearish as long as 0.8482 support turned resistance holds. On the downside, below 0.8429 minor support will bring retest of 0.8396 low first. Further break there will resume larger […]