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Daily Pivots: (S1) 0.8520; (P) 0.8559; (R1) 0.8584; More… USD/CHF recovered today but stays below 0.8606 temporary top. Intraday bias remains neutral at this point. Further rise is in favor as long as 0.8499 minor support holds. Above 0.8606 will target 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will argue that […]

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02/05/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 152.27; (P) 155.13; (R1) 157.26; More… No change in USD/JPY’s outlook as correction from 160.20 is in progress. Risk will stay on the downside as long as 157.98 resistance holds. Deeper pullback would be seen to 55 D EMA (now at 152.25), and possibly further to 61.8% retracement of 146.47 to 160.20 […]
27/12/2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 142.11; (P) 142.37; (R1) 142.64; More… Intraday bias in USD/JPY remains neutral at this point as sideway consolidations continue above 140.94. In case of stronger recovery, upside should be limited below 146.58 resistance. On the downside, firm break of 140.94 will resume the whole fall from 151.89. Next target will be next […]
30/05/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 157.16; (P) 157.44; (R1) 157.94; More… Immediate focus is now on 156.57 minor support in USD/JPY. Decisive break there 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 […]