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Daily Pivots: (S1) 156.64; (P) 157.25; (R1) 158.42; More… USD/JPY is extending the consolidation pattern from 160.20 and intraday bias remains neutral. In case of another fall, downside should be contained by 38.2% retracement of 146.47 to 160.20 at 154.95 to bring recovery. For now, break of 160.20 is not envisaged in the near term. […]

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USD/JPY Daily Outlook

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31/08/2024

USD/CHF Weekly Outlook

USD/CHF’s fall from 0.9223 resumed by breaking through 0.8431 support, but quickly recovered after hitting 0.8399. Initial bias remains neutral this week first. Further fall is expected as long as 0.8540 resistance holds. Break of 0.8339 will target 61.8% projection of 0.9049 to 0.8431 from 0.8747 at 0.8365, and then 0.8332 low. However, firm break […]
01/08/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.76; (P) 163.65; (R1) 165.29; More… EUR/JPY’s fall from 175.41 is in progress and intraday bias remains on the downside. This decline should be a larger scale correction and should target 155.91 fibonacci level next. On the upside, break of 167.93 resistance is needed to confirm short term bottoming. Otherwise, outlook will […]
05/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3841; (P) 1.3866; (R1) 1.3899; More… USD/CAD’s rally continues today and intraday bias stays on the upside. Current rise from 1.3176 should target r 61.8% projection of 1.3176 to 1.3845 from 1.3588 at 1.4025 next. For now break of 1.3786 support is needed to indicate short term topping. Otherwise, outlook will remain […]