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Daily Pivots: (S1) 1.0281; (P) 1.0302; (R1) 1.0321; More… EUR/USD is still bounded in range of 1.0223/0457 and intraday bias stays neutral for the moment. With 1.0457 resistance intact, outlook stay bearish. On the downside, firm break of 1.0223 will resume the fall from 1.1213. However, sustained break of 1.0457 will confirm short term bottoming, […]

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18/05/2024

EUR/JPY Weekly Outlook

EUR/JPY retreated after rising further to 169.38 last week but then recovered. Initial bias remains neutral this week first, and further rise is expected. Break of 169.38 will resume the rally from 164.01, as the second leg of the corrective pattern from 171.58, towards this 171.58. On the downside, break of 167.31 should turn bias […]
08/01/2025

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0309; (P) 1.0371; (R1) 1.0403; More… EUR/USD is staying above 1.0223 support despite today’s deep decline. Intraday bias remains neutral for the moment. Outlook also stays bearish with 1.0457 resistance intact. Firm break of 1.0223 will resume the fall from 1.1213. However, sustained break of 1.0457 will confirm short term bottoming, and […]
16/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 144.32; (P) 144.95; (R1) 145.54; More… Intraday bias in USD/JPY stays neutral and outlook is unchanged. Rebound from 140.25 could extend through 146.40, but upside should be limited by 61.8% retracement of 151.89 to 140.25 at 147.44. On the downside, break of 143.41 will turn bias back to the downside for retesting […]