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Daily Pivots: (S1) 170.04; (P) 170.42; (R1) 170.67; More… EUR/JPY’s break of 169.46 minor support suggests short term topping at 170.78, on bearish divergence condition in 4H MACD. Rise from 164.01, as the second leg of the corrective pattern from 171.58, might have completed. Intraday bias is back on the downside fro 167.31 support first. […]

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16/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 158.88; (P) 159.35; (R1) 160.10; More… Range trading continues in EUR/JPY and intraday bias remains neutral. Further rise is mildly in favor as long as 157.19 minor support holds. Firm break of 100% projection of 153.15 to 158.55 from 155.06 at 160.46 will pave the way to 161.8% projection at 163.79. However, […]
25/06/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2647; (P) 1.2672; (R1) 1.2712; More… No change in GBP/USD’s outlook and intraday bias stays neutral. Further decline is expected as long as 1.2739 resistance holds. Break of 1.2622, and sustained trading below 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and below. However, […]
05/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 151.06; (P) 151.41; (R1) 151.71; More… Intraday bias in USD/JPY is turned neutral as it recovered after dipping to 150.80. On the downside, break of 150.80 will resume the fall to 55 D EMA (now at 149.56). On the upside, however, sustained break of 151.93 key resistance will confirm long term up […]