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Daily Pivots: (S1) 1.2676; (P) 1.2703; (R1) 1.2739; More… Sideway trading continues in GBP/USD and intraday bias stays neutral. On the downside, break of 1.2615 minor support will indicate that corrective recovery from 1.2486 has completed. Retest of this low should be seen next, and break will target 1.2298 cluster support zone. Nevertheless, break of […]

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28/12/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 141.31; (P) 142.08; (R1) 142.61; More… USD/JPY’s break of 140.94 indicates resumption of fall from 151.89. Intraday bias is now on the downside. Next target is 136.63. fibonacci level. On the upside, above 142.84 minor resistance will turn intraday bias neutral gain. But recovery should be limited below 144.94 resistance to bring […]
02/08/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 148.42; (P) 151.16; (R1) 152.72; More… USD/JPY’s steep decline from 161.94 reaccelerates to as low as 147.01 so far. There is no sign of bottoming yet and intraday bias stays on the downside. Next target is 140.25 fibonacci level. On the upside, above 150.88 minor resistance will turn intraday bias neutral and […]
04/09/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 144.68; (P) 145.94; (R1) 146.73; More… Range trading continues in USD/JPY in 143.43/147.20 and intraday bias remains neutral. Further rally will remain in favor as long as 143.43 support holds. Above 147.20 will target 149.35 resistance first. Firm break there will resume the rebound from 141.67 to 100% projection of 141.67 to […]