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Daily Pivots: (S1) 143.38; (P) 144.11; (R1) 145.37; More… Intraday bias in USD/JPY remains on the upside at this point. Rise from 140.25 is in progress for 61.8% retracement of 151.89 to 140.25 at 147.44, even as a corrective move. On the downside, below 144.45 minor support will turn intraday bias neutral first. But risk […]

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17/07/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 157.93; (P) 158.39; (R1) 158.88; More… USD/JPY’s fall from 161.94 resumed by breaking through 157.16 support and intraday bias is back on the downside. Current decline is seen as correcting whole rally from 140.25. Sustained trading below 55 D EMA (now at 157.72) will bring deeper correction to 38.2% retracement of 140.25 […]
19/09/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8409; (P) 0.8445; (R1) 0.8498; More… No change in USD/CHF’s outlook as it’s still bounded in range of 0.8374/8548. Intraday bias remains neutral for the moment. With 0.8548 resistance intact, further decline is still expected. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive […]
13/12/2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0760; (P) 1.0794; (R1) 1.0829; More… Intraday bias in EUR/USD remains neutral and further decline is mildly in favor as long as 1.0827 minor resistance holds. Break of 1.0722, and sustained trading below 55 D EMA (now at 1.0770) will extend the fall from 1.1016 short term top to retest 1.0447 support. […]