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Daily Pivots: (S1) 0.6541; (P) 0.6568; (R1) 0.6600; More… A temporary low was formed at 0.6536 with current recovery and intraday bias is turned neutral first. Further decline is expected as long as 55 D EMA (now at 0.6700) holds. On the downside, sustained break of 61.8% retracement of 0.6269 to 0.6941 at 0.6526 will […]

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13/09/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 141.35; (P) 142.20; (R1) 142.66; More… USD/JPY is staying above 140.70 temporary low despite current dip, and intraday bias stays neutral first. Outlook remains bearish as long as 147.20 resistance holds. On the downside, break of 140.70 will resume the fall from 161.94 to 140.25 support, and possibly to 139.26 fibonacci level […]
24/08/2024

GBP/JPY Weekly Outlook

GBP/JPY stayed in sideway trading below 191.99 last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, above 191.99 will target 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from 208.09. On the downside, however, firm break of 187.84 support will […]
15/04/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0599; (P) 1.0665; (R1) 1.0708; More… Intraday bias in EUR/USD remains on the downside at this point. Current is part of the decline from 1.1138. Next target is 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536 next. On the upside, above 1.0723 support turned resistance will turn intraday bias neutral […]