USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 1.0873; (P) 1.0887; (R1) 1.0900; More… Intraday bias in EUR/USD remains on the downside for the moment. Fall from 1.0980 short term top would target 55 D EMA (now at 1.0856). Sustained break there will argue that rebound from 1.0694 has completed and bring retest of this low. For now, risk will […]

Daily Pivots: (S1) 0.6592; (P) 0.6606; (R1) 0.6626; More… AUD/USD recovered ahead of 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579), but stays well below 0.6713 resistance. Intraday bias remains neutral first. Further rally remains in favor with 0.6578 intact. On the upside, firm break of 0.6713 will resume whole rise from […]

Daily Pivots: (S1) 0.9128; (P) 0.9162; (R1) 0.9231; More…. Intraday bias in USD/CHF remains on the upside for 0.9243 resistance. Decisive break there will carry larger bullish implications. Next target will be 61.8% projection of 0.8728 to 0.9151 from 0.9009 at 0.9270. For now, near term outlook will stay bullish as long as 0.9087 support […]