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Daily Pivots: (S1) 152.57; (P) 153.53; (R1) 154.07; More… USD/JPY’s corrective fall from 156.74 is extending lower and intraday bias stays on the downside. Deeper fall should be seen to 38.2% retracement of 139.57 to 156.74 at 150.18, but strong support is expected there to bring rebound. On the upside, above 153.23 minor resistance will […]

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09/03/2024

USD/JPY Weekly Outlook

USD/JPY fell sharply to as low as 146.47 last week and there is no sign of bottoming yet. Initial bias remains on the downside this week. 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 […]
16/11/2024

EUR/CHF Weekly Outlook

EUR/CHF still didn’t succeed in breaking out of converging range last week and outlook is unchanged. Initial bias remains neutral this week first. On the downside, break of 0.9331 will target 0.9305 support first. Firm break there will bring retest of 0.9209 low. On the upside, break of 0.9444 will bring stronger rally to 0.9506 […]
10/04/2024

AUD/USD Mid-Day Report

Daily Pivots: (S1) 0.6602; (P) 0.6624; (R1) 0.6649; More… AUD/USD’s break of 0.6548 suggests that rebound from 0.6480 has completed at 0.6643. Intraday bias is back on the downside for 0.6480 support. Firm break there will argue that whole fall from 0.6870 is ready to resume through 0.6442 support. For now, risk will stay mildly […]