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Daily Pivots: (S1) 144.21; (P) 144.71; (R1) 145.31; More… USD/JPY reversed after edging higher to 146.68 and intraday bias is turned neutral first. Further rise would remain in favor as long as 142.89 minor support holds. Above 146.48 will extend the rebound from 139.57 to 38.2% retracement of 161.94 to 139.57 at 148.11. On the […]

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GBP/JPY Daily Outlook

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15/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2930; (P) 1.2960; (R1) 1.3019; More… No change in GBP/USD’s outlook and intraday bias remains on the upside. Rise from 1.2298 is in progress for 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which is slightly above 1.3141 key medium term resistance. On the downside, below 1.2898 minor support will […]
23/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 169.36; (P) 169.65; (R1) 169.97; More… Further rise is mildly in favor in EUR/JPY despite loss of upside momentum. Rise from164.01, as the second leg of the corrective pattern from 171.58, would target 61.8% projection of 164.01 to 169.38 from 167.31 at 170.62. On the downside, break of 169.05 minor support will […]
18/10/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 149.54; (P) 149.93; (R1) 150.62; More… Intraday bias in USD/JPY remains on the upside for the moment. Rise from 139.57 is in progress for 61.8% retracement of 161.94 to 139.57 at 153.39 next. On the downside, below 148.84 minor support will turn intraday bias neutral first. But further rally will remain in […]