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Daily Pivots: (S1) 160.53; (P) 161.35; (R1) 161.83; More…. Intraday bias in EUR/JPY remains neutral as consolidations continue below 163.86. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second leg of the corrective pattern from 175.41. On the downside, however, firm break of 159.80 support […]

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USD/JPY Mid-Day Outlook

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16/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 167.99; (P) 168.70; (R1) 169.30; More… Intraday bias in EUR/JPY is turned neutral with current retreat. On the downside, break of 166.73 support will argue that corrective pattern from 171.58 has started the third leg. Deeper fall would then be seen back to 164.01 support and below. For now, risk will stay […]
05/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2744; (P) 1.2756; (R1) 1.2772; More… Intraday bias in GBP/USD remains on the upside for the moment. Rise from 1.2612 is in progress for retesting 1.2859 high. Firm break there will resume whole rally from 1.2298. On the downside, though, below 1.2733 minor support will dampen the immediate bullish case, and turn […]
16/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9662; (P) 0.9702; (R1) 0.9721; More… No change in EUR/CHF’s outlook as correction from 0.9847 is in progress. Intraday bias stays mildly on the downside for 38.2% retracement of 0.9252 to 0.9847 at 0.9620. But strong support is expected from there to contain downside to bring rebound, and set the range for […]