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Daily Pivots: (S1) 151.02; (P) 151.44; (R1) 151.88; More… USD/JPY is still extending the consolidation from 151.92 and intraday bias stays neutral. Further rally is expected as long as 150.25 support holds. On the upside, decisive break of 151.93 key resistance will confirm long term up trend resumption. Next near term target will be 61.8% […]

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02/02/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3349; (P) 1.3406; (R1) 1.3445; More… Intraday bias in USD/CAD remains neutral for the moment. On the downside, firm break of 1.3342 support will argue that rebound from 1.3176 has completed at 1.3540, and target this low for resuming whole fall from 1.3897. On the upside, however, break of 1.3540 will resume […]
21/08/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 144.53; (P) 145.94; (R1) 146.67; More… Intraday bias in USD/JPY remains mildly on the downside for the moment. Rebound from 141.67 could have completed at 149.35 after rejection by 38.2% retracement of 161.94 to 141.67 at 149.41. Deeper fall would be seen to retest 141.67 low. Firm break there will resume the […]
19/09/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 140.89; (P) 141.80; (R1) 143.16; More… USD/JPY’s break of 143.03 resistance suggests short term bottoming at 139.57, on bullish convergence condition in 4H MACD. That also came just ahead of 139.26 fibonacci level. Intraday bias is back on the upside for stronger rebound to 55 D EMA (now at 147.58), and possibly […]