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EUR/USD’s rebound from 1.0694 extended to as high as 1.0980 last week. The development suggests that fall from 1.1138 has completed as a correction to rise from 1.0447. Initial bias stays on the upside this week for retesting 1.1138 first. On the downside, below 1.0867 minor support will turn intraday bias neutral and bring consolidations. […]

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26/07/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0825; (P) 1.0848; (R1) 1.0867; More….. Intraday bias in EUR/USD remains neutral at this point. Deeper fall is in favor as long as 1.0896 minor resistance holds. Below 1.0825 will target 55 D EMA (now at 1.0813). Sustained break there will argue that whole rebound from 1.0601 has completed with three waves […]
08/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 143.63; (P) 144.80; (R1) 145.80; More… Intraday bias in USD/JPY stays neutral at this point. On the upside, above 145.97 will resume the rebound from 140.25. But upside should be limited by 61.8% retracement of 151.89 to 140.25 at 147.44. On the downside, below 143.17 minor support will turn bias back to […]
29/11/2023

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.72; (P) 162.35; (R1) 162.78; More…. Intraday bias in EUR/JPY remains on the downside at this point. Corrective fall from 164.29 is in progress and deeper decline should be seen to 100% projection of 164.29 tot 161.22 from 163.77 at 160.63 and possibly below. But strong support should be seen from 159.75 […]