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Daily Pivots: (S1) 148.58; (P) 148.94; (R1) 149.46; More… Intraday bias in USD/JPY remains neutral for consolidations below 149.58 temporary top. Further rally is expected as long as 145.91 support holds. Above 149.58 will resume the rise from 139.57 short term bottom to 61.8% retracement of 161.94 to 139.57 at 153.39. In the bigger picture, […]

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29/08/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 143.84; (P) 144.44; (R1) 145.19; More… Intraday bias in USD/JPY is turned neutral as recovery from 143.43 extends. With 146.47 minor resistance intact, further decline is in favor. Break of 143.43 will bring retest of 141.67 low. Firm break there will resume the whole fall from 161.94 to 140.25 support next. On […]
23/10/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 150.66; (P) 150.93; (R1) 151.36; More… USD/JPY’s rally from 139.57 accelerates higher today, and intraday bias stays on the upside for 61.8% retracement of 161.94 to 139.57 at 153.39. Decisive break there will pave the way to retest 161.94 high. On the downside, below 150.60 minor support will turn intraday bias neutral […]
11/09/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8450; (P) 0.8476; (R1) 0.8495; More… Intraday bias in USD/CHF remains neutral with focus on 0.8536. Rejection by this resistance will retain near term bearishness. Break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. However, considering bullish convergence condition […]