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Daily Pivots: (S1) 1.1414; (P) 1.1494; (R1) 1.1592; More… Further rally is expected in EUR/USD as long as 1.1357 support holds. Current rise from 1.0176 should target 161.8% projection of 1.0358 to 1.0953 from 1.0731 at 1.1694 next. Nevertheless, considering bearish divergence condition in 4H MACD, break of 1.1357 should indicate short term topping. Intraday […]

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USD/CHF Daily Outlook

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28/02/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.92; (P) 163.22; (R1) 163.55; More… Intraday bias in EUR/JPY is turned neutral gain with current retreat. On the upside, above 163.70 will resume the rise from 153.15 to 164.29 high. However, considering loss of momentum as seen in 4H MACD, break of 162.55 minor support will turn bias back to the […]
07/10/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 146.78; (P) 147.89; (R1) 149.86; More… Intraday bias in USD/JPY remains on the upside for the moment. Rise from 139.57 is seen as the second leg of the corrective pattern from 161.94. Break of 149.35 resistance will target 61.8% retracement of 161.94 to 139.57 at 153.39 next. On the downside, below 145.91 […]
02/03/2025

EUR/JPY Weekly Outlook

EUR/JPY dipped to 154.77 last week but quickly recovered. Initial bias is turned neutral this week first. Further decline is expected as long as 158.19 resistance holds. Below 154.77 will target 154.40 key support. Firm break there will confirm resumption of whole decline from 175.41 and target 152.11 fibonacci level next. In the bigger picture, […]