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Daily Pivots: (S1) 157.92; (P) 158.75; (R1) 159.40; More… Intraday bias in EUR/JPY stays neutral for the moment. While recovery from 156.16 could extend higher, outlook will stay bearish as long as 55 D EMA (now at 161.87) holds. On the downside, below 157.54 minor support will bring retest of 156.16 first. Break there will […]

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08/12/2024

EUR/JPY Weekly Outlook

EUR/JPY edged lower to 156.16 last week as fall from 166.67 extended, but recovered since then. Initial bias remains neutral this week first. While further recovery cannot be ruled out, outlook will stay bearish as long as 55 D EMA (now at 162.11) holds. On the downside, below 157.54 minor support will bring retest of […]
28/08/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3205; (P) 1.3236; (R1) 1.3291; More… A temporary top is formed at 1.3265 in GBP/USD with current retreat. Intraday bias is turned neutral for consolidations first. Downside of retreat should be contained well above 1.3043 resistance turned support to bring rebound. On the upside, above 1.3265 will resume larger up trend to […]
03/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 161.22; (P) 161.52; (R1) 161.76; More… USD/JPY’s rally continues today despite some loss of upside momentum. Intraday bias stays on the upside at this point. Current up trend should target 61.8% projection of 146.47 to 160.20 from 154.53 at 163.01. On the downside, below 160.95 minor support will turn intraday bias neutral […]