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Daily Pivots: (S1) 147.65; (P) 147.93; (R1) 148.45; More… Range trading continues in USD/JPY and intraday bias remains neutral. With 145.97 resistance turned support intact, further rally is in favor. As noted before, corrective fall from 151.89 should have completed at 140.25 already. Break of 148.79 will resume the rise from there for retesting 151.89/93 […]

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USD/JPY Daily Outlook

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EUR/USD Mid-Day Outlook

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03/01/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6132; (P) 1.6181; (R1) 1.6234; More.. Further decline could be seen in EUR/AUD with 1.6313 minor resistance holds. But considering bullish convergence condition in 4H MACD, stronger support could be seen from 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106 to bring rebound. On the upside, firm break of 1.6313 […]
06/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 141.68; (P) 144.17; (R1) 146.64; More… USD/JPY recovered after diving to 141.67 and intraday bias is turned neutral first. Some consolidations would be seen but upside should be limited by 150.88 resistance to bring another fall. Break of 141.67 will resume the decline from 161.94 to 140.25 support next. In the bigger […]
11/09/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1006; (P) 1.1028; (R1) 1.1041; More…. Outlook is EUR/USD is unchanged. While consolidation from 1.1200 could extend lower, downside should be contained by 38.2% retracement of 1.0665 to 1.1200 at 1.0996 to bring rebound. Break of 1.1200 will resume larger rise towards 1.1274 high. However, sustained break of 1.0996 will indicate reversal […]