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Daily Pivots: (S1) 1.6295; (P) 1.6324; (R1) 1.6357; More… No change in EUR/AUD’s outlook and intraday bias stays neutral. While stronger recovery might be seen, further decline is expected as long as 1.6494 resistance holds. Fall from 1.6742 is seen as the third leg of the corrective pattern from 1.7062. Break of 1.6216 will turn […]

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USD/JPY Daily Outlook

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30/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 199.92; (P) 200.38; (R1)200.70; More… Intraday bias in GBP/JPY is turned neutral first with current retreat. Break of 199.00 support will suggest short term topping, on bearish divergence condition in 4H MACD. Rise from 191.34, as the second leg of the corrective pattern from 200.53, might have completed too. Deeper fall should […]
03/04/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 151.41; (P) 151.61; (R1) 151.75; More… Intraday bias in USD/JPY remains neutral as sideway trading continues below 151.96. On the downside, break of 150.25 support should confirm short term topping, and turn bias back to the downside for 55 D EMA (now at 149.43). Nevertheless, sustained break of 151.93 key resistance will […]
06/09/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 158.70; (P) 159.24; (R1) 159.93; More…. EUR/JPY’s fall from 163.86 continues today and intraday bias stays on the downside. Deeper fall would be seen to retest 154.40 low first. Firm break there will resume whole fall from 175.41. On the upside, above 160.01 support turned resistance will turn intraday bias neutral first. […]