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Daily Pivots: (S1) 151.86; (P) 153.54; (R1) 154.43; More… Intraday bias in USD/JPY is back on the downside with breach of 151.93 temporary low. decisive break of 151.89 resistance turned support will argue that large scale correction is underway to 148.66 fibonacci level. On the upside, break of 155.21 resistance will mix up the outlook […]

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EUR/USD Daily Outlook

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EUR/USD Mid-Day Outlook

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19/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0626; (P) 1.0658; (R1) 1.0675; More… Intraday bias in EUR/USD remains neutral and outlook is unchanged. While stronger recovery cannot be ruled out, upside should be limited by 1.0723 support turned resistance. On the downside, break of 1.0601 will resume the decline from 1.1138 to 100% projection of 1.1138 to 1.0694 from […]
07/01/2024

EUR/JPY Weekly Outlook

EUR/JPY’s rebound from 153.15 resumed by breaking through 158.55 last week. Initial bias stays on the upside this week for further rally to 100% projection of 153.15 to 158.55 from 155.06 at 160.46. For now, risk will stay mildly on the upside as long as 155.06 support holds, in case of retreat. In the bigger […]
05/04/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8989; (P) 0.9033; (R1) 0.9057; More…. Intraday bias in USD/CHF remains neutral at this point. On the downside, firm break of 55 4H EMA (now at 0.9018) will bring deeper pullback. But downside should be contained by 0.8884 resistance turned support to bring rebound. On the upside, break of 0.9094 will resume […]