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Daily Pivots: (S1) 148.32; (P) 148.64; (R1) 149.10; More… USD/JPY’s corrective pattern from 146.52 is still extending and intraday bias stays neutral. In case of stronger recovery, upside should be limited by 150.92 support turned resistance. On the downside, firm break of 148.17 support will bring retest of 146.52 first. Sustained trading below 61.8% retracement […]

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09/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0736; (P) 1.0747; (R1) 1.0759; More… Intraday bias in EUR/USD stays neutral and outlook is unchanged. Further rally is expected as long as 55 4H EMA (now at 1.0733) holds. On the upside, above 1.0810 will resume the rebound from 1.0601 to 1.0884 resistance next. However, firm break of 55 4H EMA […]
06/04/2024

GBP/JPY Weekly Outlook

GBP/JPY rebounded after initial dip to 190.02 but failed to break through 193.51 resistance. Initial bias remains neutral this week for more consolidations. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. On the downside, though, break of 190.02 will turn bias to the downside for 187.94 support […]
21/02/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9514; (P) 0.9523; (R1) 0.9542; More… Intraday bias in EUR/CHF remains on the upside for the moment. Current rise from 0.9252 should target 0.9574 fibonacci level next. However, considering possible bearish divergence condition in 4H MACD, break of 0.9466 minor support will indicate short term bottoming, and turn bias back to the […]