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Daily Pivots: (S1) 1.1016; (P) 1.1129; (R1) 1.1315; More… Intraday bias in EUR/USD Is back on the upside with break of 1.1145. Also, the break of 1.1274 indicates large up trend resumption. Further rise should be seen to 161.8% projection of 1.0358 to 1.0953 from 1.0731 at 1.1694. For now, near term outlook will remain […]

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USD/JPY Mid-Day Outlook

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30/11/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 146.63; (P) 147.27; (R1) 147.87; More… USD/JPY’s rebound from 146.65 extended higher today, and immediate focus is on 55 4H EMA (now at 148.61). Sustained break there will argue that corrective fall from 151.89 has completed with three waves down to 146.65. Intraday bias would be back on the upside for 149.66 […]
28/10/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0780; (P) 1.0809; (R1) 1.0826; More… EUR/USD is extending consolidations above 1.0760 and intraday bias stays neutral. Further decline is expected as long as 1.0871 resistance holds. Below 1.0760 will target 61.8% retracement of 1.0447 to 1.1213 at 1.0740. Firm break there will target 1.0601 support next. However, considering bullish convergence condition […]
18/02/2025

USD/JPY Daily Outlook

Daily Pivots: (S1) 151.05; (P) 151.75; (R1) 152.22; More… No change in USD/JPY’s outlook. Intraday bias stays neutral with focus on 38.2% retracement of 139.57 to 158.86 at 151.4. Strong rebound from there will maintain near term bullishness. On the upside, break of 154.79 will revive the case that correction from 158.86 has completed at […]