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Daily Pivots: (S1) 148.98; (P) 149.53; (R1) 149.97; More… USD/JPY’s decline accelerates to as low as 147.58 so far. Intraday bias stays on the downside for 38.2% retracement of 140.25 to 150.87 at 146.81. Sustained break of 146.81 will argue that fall from 150.87 is reversing the whole rally from 140.25. In this case, deeper […]

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09/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 157.59; (P) 158.04; (R1) 158.38; More… Intraday bias in EUR/JPY remains neutral for the moment. Risk will stay on the upside as long as 155.06 support holds. On the upside, above 158.97 will resume the rebound from 153.15 to 100% projection of 153.15 to 158.55 from 155.06 at 160.46. In the bigger […]
24/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8395; (P) 0.8411; (R1) 0.8424; More…. Intraday bias in EUR/GBP remains neutral as consolidations continue above 0.8382 low. While rebound from 0.8382 could extend higher, outlook will stay bearish as long as 0.8498 resistance holds. Larger down trend should resume through 0.8382 at a later stage. In the bigger picture, down trend […]
01/08/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9480; (P) 0.9522; (R1) 0.9549; More…. EUR/CHF’s fall from 0.9928 resumed by breaking through 0.9476 support. Intraday bias is now on the downside. Further decline should be seen to 100% projection of 0.9928 to 0.94767 from 0.9772 at 0.9320. On the upside, break of 0.9605 resistance is needed to confirm short term […]