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Daily Pivots: (S1) 161.00; (P) 161.48; (R1) 162.18; More… Intraday bias in turned neutral with current retreat and some consolidations would be seen below 161.94 temporary top. But further rally is expected as long as 160.25 minor support holds. Break of 161.94 will resume larger up trend to 61.8% projection of 146.47 to 160.20 from […]

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13/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 167.48; (P) 167.72; (R1) 168.03; More… Further rise is mildly in favor in EUR/JPY despite loss of momentum as seen in 4H MACD. Rebound from 164.01 is seen as the second leg of the corrective pattern from 171.58, and would target 168.64 resistance. On the downside, break of 166.73 minor support will […]
07/08/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9268; (P) 0.9326; (R1) 0.9367; More…. Intraday bias in EUR/CHF remains neutral as consolidation continues above 0.9209. While stronger recovery cannot be ruled out, near term outlook will remain bearish as long as 0.9476 support turned resistance holds. Below 0.9209 will target 161.8% projection of 0.9928 to 0.94767 from 0.9772 at 0.9041 […]
31/08/2024

EUR/JPY Weekly Outlook

No change in EUR/JPY’s outlook as sideway trading continued below 163.86 last week. Initial bias remains neutral this week first. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second leg of the corrective pattern from 175.41. On the downside, however, firm break of 159.80 support […]