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Daily Pivots: (S1) 144.74; (P) 145.46; (R1) 146.11; More… Intraday bias in USD/JPY remains mildly on the upside as rebound from 139.87 is in progress. Focus is on 38.2% retracement of 158.86 to 139.87 at 147.12. Rejection by 147.12 will retain near term bearishness. Break of 142.34 support will bring retest of 139.87. However, sustained […]

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03/12/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0448; (P) 1.0511; (R1) 1.0560; More… Intraday bias in EUR/USD remains neutral for the moment, and outlook stays bearish with 1.0609 resistance intact. On the downside, break of 1.0330 will resume the fall from 1.1213. Also, sustained trading below 1.0404 key fibonacci level will carry larger bearish implication. Nevertheless, firm break of […]
31/07/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2815; (P) 1.2841; (R1) 1.2863; More… Further decline is expected in GBP/USD as long as 1.2936 resistance holds. Decisive break of 55 D EMA (now at 1.2781) will suggest that rise from 1.2298 has completed with three waves up to 1.3043. Deeper fall would be seen to 1.2612 support and below. On […]
14/11/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 154.67; (P) 155.15; (R1) 155.95; More… USD/JPY’s rally from 139.57 is still in progress and intraday bias stays on the upside. Next target is 61.8% projection of 141.63 to 153.87 from 151.27 at 158.8. On the downside, below 153.40 minor support will turn intraday bias neutral again first. But near term outlook […]