USD/JPY Daily Outlook

Daily Pivots: (S1) 152.57; (P) 153.53; (R1) 154.07; More… Intraday bias in USD/JPY stays on the downside as corrective fall from 156.74 is in progress. Deeper decline would be seen to 38.2% retracement of 139.57 to 156.74 at 150.18. On the upside, above 153.23 minor resistance will turn intraday bias neutral first. But risk will […]

Daily Pivots: (S1) 1.0802; (P) 1.0824; (R1) 1.0845; More…. A temporary top should be formed at 1.0844 in EUR/USD and intraday bias is turned neutral first. Further rally is in favor as long as 55 4H EMA (now at 1.0780) holds. On the upside, above 1.0844 will resume the rebound from 1.0665 to retest 1.0915 […]

Daily Pivots: (S1) 0.8408; (P) 0.8425; (R1) 0.8452; More… Intraday bias in EUR/GBP remains neutral and some more consolidations could be seen above 0.8396 temporary low. But outlook will remain bearish as long as 0.8482 support turned resistance holds. Below 0.8396 will resume larger down trend to 0.8376 projection level next. In the bigger picture, […]