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Daily Pivots: (S1) 1.0755; (P) 1.0770; (R1) 1.0787; More… Intraday bias in EUR/USD remains neutral for the moment, with focus staying on 1.0722 structural support. Decisive break there will argue that whole rise from 1.0447 has completed. Deeper fall would then be seen to target this low. On the upside, break of 1.0896 resistance is […]

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12/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 156.97; (P) 159.37; (R1) 161.30; More… USD/JPY recovered after falling sharply to 157.41 but further decline is expected with 160.25 support turned resistance intact. Considering bearish divergence condition in D MACD, fall from 161.49 might already be correcting the whole five-wave rally from 140.25. Sustained break of 55 D EMA (now at […]
31/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 156.23; (P) 156.96; (R1) 157.54; More… Focus stays on 156.57 minor support in USD/JPY. Decisive break there will confirm short term topping at 157.70, on bearish divergence condition in 4 H MACD. Intraday bias will be back on the downside for 153.59 support. Firm break there will target 151.86 and below as […]
31/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 151.86; (P) 153.54; (R1) 154.43; More… Intraday bias in USD/JPY is back on the downside with breach of 151.93 temporary low. decisive break of 151.89 resistance turned support will argue that large scale correction is underway to 148.66 fibonacci level. On the upside, break of 155.21 resistance will mix up the outlook […]