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Daily Pivots: (S1) 1.0626; (P) 1.0658; (R1) 1.0675; More… Range trading continues in EUR/USD and intraday bias remains neutral. While stronger recovery cannot be ruled out, upside should be limited by 1.0723 support turned resistance. On the downside, break of 1.0601 will resume the decline from 1.1138 to 100% projection of 1.1138 to 1.0694 from […]

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EUR/JPY Daily Outlook

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USD/JPY Mid-Day Outlook

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22/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 153.93; (P) 154.30; (R1) 155.02; More… Intraday bias in USD/JPY stays neutral and outlook is unchanged. On the upside, break of 154.77 will resume larger up trend. But considering bearish divergence condition in 4H MACD, strong resistance should be seen from 155.20 fibonacci level to bring correction on first attempt. On the […]
06/04/2024

EUR/AUD Weekly Outlook

EUR/AUD dipped to 1.6412 last week but recovered since then. Initial bias remains neutral this week first. On the downside, break of 1.6412 and sustained trading below 1.6439 support will argue that whole rebound from 1.6127 has completed, and turn near term outlook bearish for this support again. Nevertheless, strong rebound from current level, followed […]
06/03/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0840; (P) 1.0858; (R1) 1.0875; More… Intraday bias in EUR/USD stays neutral first as it’s still bounded in range below 1.0887. On the upside, break of 1.0887 and sustained trading above 55 D EMA (now at 1.0831) will affirm the case that fall from 1.1138 has completed. Stronger rally would then be […]