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Daily Pivots: (S1) 169.14; (P) 169.79; (R1) 170.52; More… Intraday bias in EUR/JPY remains on the downside at this point. Fall from 170.78 will target 167.31 support first. Firm break there will confirm that corrective pattern from 171.58 has started the third leg, and target 164.01 support next. For now, risk will stay on the […]

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04/03/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 149.79; (P) 150.26; (R1) 150.56; More… Intraday bias in USD/JPY remains neutral at this point. On the upside, break of 150.87 will resume the rise from 140.25 to 151.89/93 key resistance zone. On the other hand, considering bearish divergence condition in 4H MACD, firm break of 149.20 will confirm short term topping […]
16/08/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.52; (P) 163.21; (R1) 164.47; More… Intraday bias in EUR/JPY remains on the upside for the moment. Fall from 175.41 should have completed at 154.40 already. Rise from there is seen as the second leg of the corrective pattern from 175.41. Further rally is expected to 61.8% retracement of 175.41 to 154.40 […]
25/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 192.75; (P) 193.20; (R1) 194.07; More.. GBP/JPY’s up trend resumed and reaches as high as 193.62 so far. Intraday bias is back on the upside for 195.86 long term resistance, and then 198.89 projection level. On the downside, below 192.93 minor support will turn intraday bias neutral first. But outlook will remain […]