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Daily Pivots: (S1) 194.62; (P) 194.98; (R1) 195.48; More.. Further rise is mildly in favor in GBP/JPY. Rebound from 191.34 is seen as the second leg of the corrective pattern from 200.53, and could target 197.40 resistance. On the downside, break of 193.82 minor support will argue that the third leg as started, and turn […]

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13/12/2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 144.74; (P) 145.47; (R1) 146.19; More… Intraday bias in USD/JPY remains neutral at this point. Outlook also stays bearish with 147.14 support turned resistance holds. On the downside, 144.72 minor support will suggest that rebound from 141.59 has completed at 146.58. Intraday bias will then be back on the downside for retesting […]
21/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 144.53; (P) 145.94; (R1) 146.67; More… Intraday bias in USD/JPY remains on the downside at this point. Rebound from 141.67 could have completed at 149.35 after rejection by 38.2% retracement of 161.94 to 141.67 at 149.41. Deeper fall would be seen to retest 141.67 low. Firm break there will resume the whole […]
02/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 152.27; (P) 155.13; (R1) 157.26; More… USD/JPY’s correction from 160.20 short term top extended with another dip to 152.99, but quickly recovered again. For now, risk will be mildly on the downside as long as 157.98 resistance holds. Deeper pullback would be seen to 55 D EMA (now at 152.25), and possibly […]