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Daily Pivots: (S1) 1.0471; (P) 1.0505; (R1) 1.0531; More… Intraday bias in EUR/USD remains neutral and outlook is unchanged. On the downside, break of 1.0471 support will suggest that corrective recovery from 1.0330 has completed at 1.0629, and fall from 1.1213 is ready to resume. Intraday bias will be back on the downside for 1.0330 […]

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USD/JPY Daily Outlook

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10/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 205.88; (P) 206.24; (R1) 206.60; More… Intraday bias in GBP/JPY remains neutral at this point. Further rise is expected with 204.97 minor support intact. On the upside, sustained break of 100% projection of 191.34 to 200.72 from 197.18 at 206.56 will target 138.2% projection at 210.17. On the downside, below 204.97 minor […]
26/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 159.58; (P) 160.28; (R1) 160.85; More… EUR/JPY’s retreat from 161.84 is extending and intraday bias remains neutral first. With 158.55 resistance turned support intact, further rally is in favor. On the upside, break of 161.84 will resume whole rise from 153.15 to 161.8% projection of 153.15 to 158.55 from 155.06 at 163.79, […]
18/05/2024

USD/JPY Weekly Outlook

USD/JPY fell sharply after edging higher to 156.78 but recovered again after hitting 153.59. Initial bias remains neutral this week first. Price actions from 160.20 are seen as a corrective pattern. On the upside break of 156.78 will resume the rise from 151.86, as the second leg, to retest 160.20 high. On the downside, below […]