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Daily Pivots: (S1) 1.0248; (P) 1.0302; (R1) 1.0344; More… EUR/USD is still engaged in consolidations above 1.0176 and intraday bias stays neutral. With 1.0435 resistance intact, outlook remains bearish and further decline is expected. On the downside, break of 1.0176 will resume the fall from 1.1213 and target 61.8% projection of 1.1213 to 1.0330 from […]

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USD/JPY Daily Outlook

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USD/JPY Mid-Day Outlook

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07/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 164.81; (P) 165.40; (R1) 166.34; More… Intraday bias in EUR/JPY stays neutral at this point. On the upside, firm break of 55 4H EMA (now at 166.084) will bring stronger rebound towards 168.64 resistance. On the downside, break of 164.01, and sustained trading below 55 D EMA (now at 164.06) will extend […]
22/08/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.92; (P) 190.21; (R1) 191.47; More… Range trading continues in GBP/JPY below 191.99 and intraday bias remains neutral. On the upside, above 191.99 will resume the rally from 180.00, and target 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from 208.09. On the downside, […]
23/09/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 189.70; (P) 190.85; (R1) 192.91; More… Intraday bias in GBP/JPY remains on the upside at this point. Rise from 183.70, as the third leg of the corrective pattern from 180.00, is in progress for 193.45 resistance. Firm break there will target 61.8% retracement of 208.09 to 180.00 at 197.35. On the downside, […]