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USD/JPY’s rebound from 151.86 resumed last week by breaking through 156.78 resistance. Initial bias remains mildly on the upside this week for 100% projection of 151.86 to 156.78 from 153.59 at 158.51. On the downside, below 155.83 minor support will turn intraday bias neutral first. Further break of 153.69 will target 151.86 and below as […]

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24/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 154.63; (P) 154.76; (R1) 154.95; More… Outlook in USD/JPY is unchanged and intraday bias remains mildly on the upside for further rally. However, considering bearish divergence condition in 4H MACD, strong resistance should be seen from 155.20 fibonacci level to bring correction on first attempt. On the downside, break of 153.58 support […]
07/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 153.12; (P) 153.57; (R1) 154.34; More… No change in USD/JPY’s outlook and intraday bias stays neutral. On the upside, firm break of 55 4H EMA (now at 154.81) will bring stronger rebound towards 157.98 resistance. On the downside, below 151.86 will resume the fall from 160.20. But strong support should be seen […]
15/05/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9047; (P) 0.9074; (R1) 0.9094; More…. No change in USD/CHF’s outlook. Intraday bias stays neutral and further decline is in favor as long as 55 4H EMA (now at 0.9080) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now at 0.9009) will bring deeper fall to […]