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Daily Pivots: (S1) 140.58; (P) 141.25; (R1) 141.69; More… Intraday bias in USD/JPY is turned neutral as recovery from 140.25 extends. Further decline will remain 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 […]

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12/12/2024

USD/CAD Mid-Day Outlook

Daily Pivots: (S1) 1.4160; (P) 1.4178; (R1) 1.4199; More… Intraday bias in USD/CAD is turned neutral first with current retreat, and some consolidations would be seen. But outlook will remain bullish as long as 1.4009 support holds. Break of 1.4194 will resume larger up trend to 1.4391 projection level. However, considering bearish divergence condition in […]
09/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 154.76; (P) 155.22; (R1) 155.96; More… Intraday bias in USD/JPY stays on the upside for the moment. Rebound from 151.86 is seen as the second leg of the corrective pattern from 160.20 high. Further rise would be seen to 157.98 resistance. On the downside, below 154.23 minor support will turn intraday bias […]
06/09/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6442; (P) 1.6482; (R1) 1.6522; More… EUR/AUD is bounded in range of 1.6256/6580 and intraday bias stays neutral. With 1.6580 resistance intact, fall from 1.7180 is still in favor to continue. On the downside, break of 1.6256 support will target 1.5996 key support level next. However, decisive break of 1.6580 will turn […]