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Daily Pivots: (S1) 1.3546; (P) 1.3572; (R1) 1.3598; More… Intraday bias in USD/CAD remains neutral for the moment. Some consolidations would be seen but further rally is still expected as long as 1.3477 support holds. Break of 1.3646 will resume the rise from 1.3716. Sustained break of channel resistance would prompt upside acceleration towards 1.3897 […]

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02/09/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 145.13; (P) 145.69; (R1) 146.72; More… USD/JPY’s break of 146.47 resistance suggests that pull back from 149.35 has already completed at 143.43. More importantly, rebound from 141.67 could be ready to resume. Intraday bias is back on the upside for 149.35 resistance first. Firm break there will target 100% projection of 141.67 […]
17/09/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 139.82; (P) 140.37; (R1) 141.17; More… Intraday bias in USD/JPY is turned neutral first as it recovered just ahead of key 139.26 fibonacci level. Considering bullish convergence condition in 4H MACD, break of 143.03 resistance will indicate short term bottoming and turn bias back to the upside for rebound towards 147.20. However, […]
15/03/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.71; (P) 148.04; (R1) 148.63; More… Intraday bias in USD/JPY remains on the upside for the moment. Corrective fall from 150.87 could have completed at 146.47 already, after drawing support from 38.2% retracement of 140.25 to 150.87 at 146.81. Further rise should be seen to retest 150.87 next. Nevertheless, on the downside, […]