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Daily Pivots: (S1) 159.56; (P) 160.23; (R1) 161.48; More… Intraday bias in EUR/JPY remains neutral for the moment. Outlook stays bearish with 162.87 resistance intact. On the downside, below 157.71 minor support will turn bias back to the downside. Break of 154.40 will resume the fall from 175.41 to 153.15 support next. However, decisive break […]

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20/06/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 157.76; (P) 157.94; (R1) 158.27; More… No change in USD/JPY’s outlook and intraday bias stays neutral. Further rally would be in favor as long as 154.53 support holds. Break of 158.25 will resume the choppy rise from 151.86 towards 160.20 high. But upside should be limited there, at least on first attempt. […]
14/12/2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0800; (P) 1.0848; (R1) 1.0924; More… EUR/USD’s break of 1.0827 minor resistance suggests that pull back from 1.1016 has completed at 1.0722 already, after drawing support from 55 D EMA. Intraday bias is back on the upside for 1.1016 resistance first. Firm break there will resume whole rally from 1.0447 to retest […]
14/09/2024

GBP/USD Weekly Outlook

GBP/USD’s correction from 1.3265 short term top extended lower to 1.3000 last week but recovered since then. Initial bias remains neutral this week first. On the downside, break of 1.3000 will bring deeper correction to 55 D EMA (now at 1.2961) and possibly below. On the upside, firm break of 1.3265 resistance will resume larger […]