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Daily Pivots: (S1) 146.59; (P) 147.30; (R1) 147.97; More… Intraday bias in USD/JPY is turned neutral with current recovery. Some consolidations would be seen above 146.52 temporary low first. But upside of recovery should be limited by 150.92 support turned resistance. On the downside, sustained trading below 61.8% retracement of 139.57 to 158.86 at 146.32 […]

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01/03/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.36; (P) 162.40; (R1) 163.11; More… Risk in EUR/JPY remains on the downside as long as 163.70 short term top holds. Fall from there would extend to channel support (now at 161.06). Firm break there will target 38.2% retracement of 153.15 to 163.70 at 159.66. In the bigger picture, price actions from […]
26/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 193.67; (P) 194.31; (R1) 195.39; More.. GBP/JPY’s up trend continues today and intraday bias stays on the upside for 195.86 long term resistance. Firm break there will target 198.89 projection level. On the downside, below 194.33 minor support will turn intraday bias neutral first. But outlook will remain bullish as long as […]
19/08/2024

GBP/USD Mid-Day

Daily Pivots: (S1) 1.2879; (P) 1.2913; (R1) 1.2979; More… GBP/USD’s rise from 1.2664 is still in progress and intraday bias stays on the upside for retesting 1.3043 high. Firm break there will resume whole rise from 1.2998 to 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124, which is close to 1.3141 high. On […]