EUR/JPY Daily Outlook

Daily Pivots: (S1) 163.77; (P) 164.10; (R1) 164.72; More… Intraday bias in EUR/JPY remains neutral and more consolidations could be seen below 65.33. On the upside, firm break of 165.33 will resume larger up trend towards 169.96 key resistance next. On the downside, though, break of 162.59 will turn bias to the downside for 160.20 […]

Daily Pivots: (S1) 154.21; (P) 155.38; (R1) 156.08; More… Intraday bias in USD/JPY remains on the downside at this point. Fall from 156.78 is seen as the the third leg of the corrective pattern from 160.20 high. Deeper decline would be seen to 151.86 support and possibly below. For now, risk will stay on the […]

Daily Pivots: (S1) 1.0780; (P) 1.0809; (R1) 1.0826; More… EUR/USD is extending consolidations above 1.0760 and intraday bias stays neutral. Further decline is expected as long as 1.0871 resistance holds. Below 1.0760 will target 61.8% retracement of 1.0447 to 1.1213 at 1.0740. Firm break there will target 1.0601 support next. However, considering bullish convergence condition […]