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Daily Pivots: (S1) 152.68; (P) 154.33; (R1) 155.56; More… USD/JPY’s fall from 161.94 continues today and there is no sign of bottoming. Intraday bias remains on the downside for 151.89 resistance turned support. Decisive break there will argue that large scale correction is underway to 148.66 fibonacci level. On the upside, above 154.09 minor resistance […]

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EUR/JPY Daily Outlook

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13/07/2024

EUR/JPY Weekly Outlook

EUR/JPY fell sharply after edging higher to 175.41 last week. Considering bearish divergence condition in 4H MACD, a short term top should be in place. Deeper correction cannot be ruled out. But for now, downside should be contained by 170.87 and bring rebound, to set the range for consolidations. However, firm break of 170.87 will […]
28/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8421; (P) 0.8444; (R1) 0.8457; More…. EUR/GBP’s fall from 0.8624 is still in progress, and intraday bias stays on the downside for retesting 0.8382 low. Strong support could be seen from there to bring rebound on first attempt. Above 0.8474 minor resistance will turn intraday bias neutral first. But risk will stay […]
07/02/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9340; (P) 0.9361; (R1) 0.9375; More… Intraday bias in EUR/CHF is mildly on the upside with breach of 0.9363 minor resistance. Pull back from 0.9471 could have completed at 0.9304 already. Rise from there would extend to 0.9471 resistance first. On the downside, break of 0.9304 will resume the fall from 0.9471 […]