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Daily Pivots: (S1) 150.16; (P) 150.76; (R1) 151.82; More… Intraday bias in USD/JPY stays neutral for the moment. With 151.94 resistance intact, further decline remains in favor. 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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30/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 153.25; (P) 153.80; (R1) 154.58; More… USD/JPY’s recovery from 151.93 extended higher today but stays below 155.36 support turned resistance. Intraday bias remains neutral and further decline is in favor. On the downside, decisive break of 151.89 resistance turned support will argue that large scale correction is underway to 148.66 fibonacci level. […]
29/10/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8633; (P) 0.8667; (R1) 0.8686; More… USD/CHF rebounded strongly after drawing support from 55 4H EMA (now at 0.8649), but stays below 0.8699 temporary top. Intraday bias remains neutral first. Further rally remains in favor as long as 55 D EMA (now at 0.8603) holds. On the upside, decisive break of 38.2% […]
11/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8417; (P) 0.8438; (R1) 0.8452; More…. EUR/GBP’s break of 0.8430 support suggests that corrective recovery from 0.8396 has completed at 0.8498, after rejection by 55 D EMA. Intraday bias is back on the downside for 0.8396 support first. Firm break there will resume larger down trend. On the upside, above 0.8459 will […]