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EUR/JPY’s fall from 175.41 accelerated to as low as 164.81 last week, but recovered ahead of 164.29 resistance turned support. Initial bias remains neutral this week for consolidations. Risk will stay on the downside as long as 169.98 resistance holds. On the downside, decisive break of 164.29 support turned resistance will indicate that larger scale […]

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EUR/USD Weekly Outlook

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GBP/JPY Daily Outlook

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16/09/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 155.38; (P) 156.26; (R1) 156.90; More…. Intraday bias in EUR/JPY is back on the downside with breach of 155.45 temporary low. Fall from 163.86 is resuming to retest 154.40 low. Firm break there will resume whole decline from 1785.41 to 153.15 support, and possibly further to 152.11 fibonacci level. On the upside, […]
09/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 143.63; (P) 144.27; (R1) 144.89; More… Range trading continues in USD/JPY and intraday bias stays neutral. On the upside, above 145.97 will resume the rebound from 140.25. But upside should be limited by 61.8% retracement of 151.89 to 140.25 at 147.44. On the downside, below 143.17 minor support will turn bias back […]
05/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8460; (P) 0.8467; (R1) 0.8483; More… Intraday bias in EUR/GBP stays neutral and outlook is unchanged. On the upside, sustained trading above 55 D EMA (now at 0.8501) will extend the rise from 0.8396 short term bottom to 0.8529 support turned resistance. Nevertheless, On the downside, break of 0.8493 support will suggest […]