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Daily Pivots: (S1) 0.6683; (P) 0.6721; (R1) 0.6746; More… Intraday bias in AUD/USD remains mildly on the downside at this point. Pull back from 0.6870 short term top is in progress. But strong support would be seen from channel support (now at 0.6677) to bring rebound. On the upside, above 0.6759 minor resistance will turn […]

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EUR/USD Daily Outlook

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USD/JPY Mid-Day Outlook

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07/12/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 146.97; (P) 147.23; (R1) 147.57; More… USD/JPY’s decline accelerates to as low as 144.53 so far and there is no sign of bottoming yet. Intraday bias remains on the downside. Sustained trading below 145.06 will carry larger bearish implication and target 142.45 fibonacci level next. On the upside, break of 146.22 minor […]
19/02/2024

USD/JPY Weekly Outlook

USD/JPY rose further to 150.87 last week but retreated since then. Intraday bias remains neutral this week for some consolidations. But in case of another retreat, downside should be contained by 148.79 resistance turned support to bring another rally. Above 150.87 will resume the rise from 140.25 to 151.89/93 key resistance zone. Decisive break there […]
02/01/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 140.58; (P) 141.25; (R1) 141.69; More… USD/JPY continues to lose downside momentum as seen in 4H MACD. But further decline will remain in favor as long as 142.84 minor resistance holds. Current fall from 151.89 would target 136.63 fibonacci level. Nevertheless, break of 142.84 will turn bias back to the upside for […]