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Daily Pivots: (S1) 150.05; (P) 150.31; (R1) 150.78; More… USD/JPY is still bounded in consolidation from 150.87 and intraday bias remains neutral at this point. 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 […]

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15/06/2024

USD/JPY Weekly Outlook

USD/JPY’s choppy rise from 151.86 resumed by breaching 157.70 resistance last week. Initial bias stays mildly on the upside this week. Further rally could be seen to retest 160.20 high. But upside should be limited there, at least on first attempt. On the downside, below 156.57 minor support will turn intraday bias neutral first. In […]
22/05/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2689; (P) 1.2708; (R1) 1.2729; More… Intraday bias in GBP/USD remains on the upside for 100% projection of 1.2298 to 1.2633 from 1.2445 at 1.2780. Firm break there will target 1.2892 resistance next. However, break of 1.2685 will minor support will turn bias back to the downside, for retreat to 55 4H […]
15/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 156.09; (P) 156.43; (R1) 156.78; More… USD/JPY continues to lose upside momentum as seen in 4H MACD. But further rise could still be seen with 155.25 support intact. Rebound from 151.86, as the second leg of the corrective pattern from 160.20, is in progress for 157.98 resistance. On the downside, break of […]