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Daily Pivots: (S1) 1.0453; (P) 1.0492; (R1) 1.0534; More… Intraday bias in EUR/USD remains neutral and outlook is unchanged. More consolidations could be seen above 1.0330 temporary low but further decline is expected as long as 1.0609 resistance holds. On the downside, sustained trading below 1.0404 key fibonacci level will carry larger bearish implication and […]

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26/01/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 147.20; (P) 147.55; (R1) 148.02; More… Intraday bias in USD/JPY remains neutral as consolidation from 148.79 is extending. 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 […]
24/07/2024

EUR/JPY Mid-Day Outlook

Daily Pivots: (S1) 168.13; (P) 169.61; (R1) 170.38; More… EUR/JPY’s fall from 175.41 accelerates lower today and it’s now pressing 38.2% retracement of 153.15 to 175.41 at 166.90. Some support could be seen from this fibonacci level, and break of 169.19 minor resistance will turn intraday bias neutral first. However, decisive break of 166.90 will […]
05/11/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 165.14; (P) 165.55; (R1) 165.89; More…. EUR/JPY is staying in consolidations below 166.67 and intraday bias remains neutral. Further rally is expected as long as 164.25 minor support holds. Sustained break of 61.8% retracement of 175.41 to 154.40 at 167.38 will pave the way to retest 175.41 high. However, considering bearish divergence […]