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Daily Pivots: (S1) 1.0495; (P) 1.0531; (R1) 1.0565; More… EUR/USD is staying in range trading and intraday bias remains neutral. On the downside, break of 1.0471 support will suggest that corrective recovery from 1.0330 has completed, and fall from 1.1213 is ready to resume. Intraday bias will be back on the downside for 1.0330 first, […]

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29/07/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 152.96; (P) 153.85; (R1) 154.59; More… No change in USD/JPY’s outlook and intraday bias remains neutral for consolidation above 151.93. Further decline is expected as long as 155.36 support turned resistance holds. On the downside, decisive break of 151.89 resistance turned support will argue that large scale correction is underway to 148.66 […]
31/08/2024

EUR/USD Weekly Outlook

EUR/USD’s pull back from 1.1200 extend lower last week. Initial bias stays neutral this week with risk of deeper decline. But still, rally from 1.0665 is in favor to continue as long as 1.0947 resistance turned support holds. Above 1.1139 minor resistance will bring retest of 1.1200 first. Break there will target 1.1274 high next. […]
01/06/2024

USD/JPY Weekly Outlook

USD/JPY turned sideway after edging higher to 157.70 last week. Initial bias remains neutral this week first. Decisive break of 156.36 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 […]