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EUR/JPY’s fall from 175.41 continued last week accelerated further. This decline is now seen as a larger scale correction. Initial bias remains on the downside for 155.91 fibonacci level next. On the upside, above 163.41 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another decline. In the bigger picture, break […]

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USD/JPY Daily Outlook

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06/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8492; (P) 0.8507; (R1) 0.8515; More…. Intraday bias in EUR/GBP remains neutral and outlook is unchanged. Further decline is expected as long as 55 D EMA (now at 0.8547) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next. However, sustained break of 55 D EMA will […]
19/03/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.86; (P) 162.27; (R1) 162.59; More… EUR/JPY’s rally from 160.20 accelerates higher today and intraday bias stays on the upside for 163.70 resistance. Decisive break there will resume larger rally from 153.15 for 164.29 high. On the downside, below 161.94 minor support will delay the bullish case and turn intraday bias neutral […]
24/07/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9665; (P) 0.9678; (R1) 0.9688; More…. Immediate focus is now on 0.9641 temporary low in EUR/CHF. Firm break there and sustained trading below 38.2% retracement of 0.9476 to 0.9772 at 0.9659 will extend the fall from 0.9772 to 61.8% retracement at 0.9589 and possibly below. On the upside, above 0.9690 minor resistance […]