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Daily Pivots: (S1) 141.43; (P) 144.38; (R1) 147.10; More… Intraday bias in USD/JPY is turned neutral wit h break of 144.53 minor resistance and some consolidations would be seen. But recovery should be limited below 147.14 support turned resistance to bring another fall. On the downside, break of 141.59 and sustained trading below 142.45 fibonacci […]

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14/09/2024

EUR/JPY Weekly Outlook

EUR/JPY’s fall from 163.86 extended lower last week but turned sideway after hitting 155.45. Initial bias remains neutral this week first. Outlook will stay cautiously bearish as long as 160.01 support turned resistance holds. Below 155.45 will bring retest of 154.40 low first. Firm break there will resume whole decline from 1785.41 to 153.15 support, […]
14/03/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.31; (P) 147.68; (R1) 148.12; More… Range trading continues in USD/JPY and intraday bias stays neutral. On the downside, sustained break of 38.2% retracement of 140.25 to 150.87 at 146.81 will argue that fall from 150.87 is reversing the whole rally from 140.25. In this case, deeper decline would be seen to […]
19/12/2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2616; (P) 1.2660; (R1) 1.2691; More… GBP/USD rebounds strongly today but stays below 1.2793 resistance. Intraday bias remains neutral first. Further rally is expected as long as 1.2499 support holds. On the upside, firm break of 1.2793 will resume the rally from 1.2036. Next target is 61.8% projection of 1.2068 to 1.2731 […]