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Daily Pivots: (S1) 148.04; (P) 148.79; (R1) 149.33; More… With a temporary top formed at 149.58, intraday bias in USD/JPY is turned neutral first. Further rally is expected as long as 145.91 minor support holds. Rise from 139.57 is s seen as the second leg of the corrective pattern from 161.94. Break of 149.58 will […]

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13/04/2024

EUR/JPY Weekly Outlook

EUR/JPY failed to break through 165.33 last week and retreated sharply since then. Despite brief breach of 162.59 support, it recovered quickly. Initial bias remains neutral this week first. On the upside, firm break of 165.33 will resume larger up trend towards 169.96 key resistance next. However, decisive break of 162.59 will argue that it’s […]
10/10/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8579; (P) 0.8594; (R1) 0.8624; More… Intraday bias in USD/CHF is back on the upside with breach of 0.8606 temporary top. Rebound from 0.8374 is resuming for 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will argue that fall from 0.9223 has completed after defending 0.8332 low. Next target […]
11/04/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 152.09; (P) 152.66; (R1) 153.73; More… Intraday bias in USD/JPY remains on the upside at this point. 61.8% projection of 140.25 to 150.87 from 146.47 at 153.03 is already met but there is not sign of topping yet. Sustained break there will target 155.20 projection level next. On the downside, below 151.95 […]