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Daily Pivots: (S1) 162.10; (P) 162.77; (R1) 163.20; More…. Intraday bias in EUR/JPY remains neutral for the moment. On the upside, firm break of 163.47/86 resistance will resume the rebound from 154.40 to 61.8% retracement of 175.41 to 154.40 at 167.38. On the downside, break of 158.09 will bring deeper fall back to 154.40/155.14 support […]

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08/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0907; (P) 1.0922; (R1) 1.0938; More….. EUR/USD is extending the consolidation from 1.1007 and intraday bias remains neutral. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the upside, break of 1.1007 will resume recent rally from 1.0665 to 100% projection of 1.0665 to 1.0947 […]
19/12/2023

USD/CAD Mid-Day Outlook

Daily Pivots: (S1) 1.3363; (P) 1.3386; (R1) 1.3422; More… USD/CAD’s decline is resuming by breaking 1.3348 temporary low. Intraday bias is back on the downside. Sustained trading below 1.3378 will extend the fall from 1.3897 to retest 1.3091 support next. On the upside above 1.3408 minor resistance will turn intraday bias neutral again. But risk […]
20/02/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.54; (P) 161.77; (R1) 162.05; More… EUR/JPY’s rally is in progress even though upside momentum is not too convincing. Intraday bias stays on the upside. Rise from 153.15 should target a retest on 164.29 high. On the downside, however, below 161.46 minor support will turn intraday bias neutral first. In the bigger […]