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Daily Pivots: (S1) 150.16; (P) 150.76; (R1) 151.82; More… Intraday bias in USD/JPY stays neutral and further decline is in favor as long as 151.94 resistance holds. On the downside, below 148.64 will strengthen the case that rise from 139.57 has already completed at 156.754. Deeper fall should then be seen to 61.8% retracement of […]

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21/12/2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 143.18; (P) 143.64; (R1) 144.02; More… Intraday bias in USD/JPY stays neutral for the moment, as consolidation from 140.94 is extending. Upside of current recovery should be limited below 156.48 resistance to bring another decline. Firm break of 140.94 will resume the whole fall from 151.89. Next target will be next fibonacci […]
16/07/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0877; (P) 1.0900; (R1) 1.0916; More…. EUR/USD breached 1.0915 briefly but retreated since then. With 4H MACD crossed below signal line, intraday is turned neutral first. Some consolidations would be seen but further rally is expected as long as 1.0805 support holds. Firm break of 1.0915 will resume whole rise from 1.0601 […]
18/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3659; (P) 1.3681; (R1) 1.3704; More… Intraday bias in USD/CAD remains neutral for the moment. Outlook is unchanged that corrective pattern from 1.3845 might have completed with three waves to 1.3588, after hitting 38.2% retracement of 1.3716 to 1.3845 at 1.3589 twice. Above 1.3707 will target 1.3790 resistance first. Break of 1.3790 […]