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Daily Pivots: (S1) 141.13; (P) 141.67; (R1) 142.54; More… Intraday bias in USD/JPY remains neutral, and further decline is in favor as long as 142.84 minor resistance holds. Break of 140.25 will resume fall from 151.89 and target 136.63 fibonacci level. Nevertheless, break of 142.84 will turn bias back to the upside for stronger rebound. […]

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17/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 157.93; (P) 158.39; (R1) 158.88; More… Intraday bias in USD/JPY remains neutral for the moment. On the downside, break of 157.16 and sustained trading below 55 D EMA (now at 157.72) will bring deeper correction to 38.2% retracement of 140.25 to 161.94 at 163.65. But strong support should be seen there to […]
05/09/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 158.74; (P) 159.83; (R1) 160.39; More…. Current decline suggests that rebound from 154.40 has completed at 163.86. Intraday bias in EUR/JPY is back on the downside for retesting 154.40 low first. Firm break there will resume whole fall from 175.41. On the upside, above 160.01 support turned resistance will turn intraday bias […]
08/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 173.79; (P) 174.14; (R1) 174.57; More… EUR/JPY dips mildly today but stays above 173.07 minor support. Intraday bias remains neutral for the moment. More sideway trading could be seen first. On the upside, firm break of 174.50 will resume the larger up trend and target 138.2% projection of 164.01 to 170.87 from […]