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Daily Pivots: (S1) 170.13; (P) 170.85; (R1) 171.24; More… Intraday bias in EUR/JPY stays on the downside at this point. Fall from 173.87, as a correction to rally form 161.06, is in progress for 38.2% retracement of 161.06 to 173.87 at 168.97. Strong support should emerge from 55 D EMA (now at 168.68) to contain […]

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23/07/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0875; (P) 1.0889; (R1) 1.0905; More…. Intraday bias in EUR/USD remains neutral and further rise is in favor as long as 1.0871 minor support holds. Break of 1.0947 will target 100% projection of 1.0601 to 1.0915 from 1.0665 at 1.0979. However, firm break of 1.0871 will turn bias to the downside for […]
11/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0692; (P) 1.0779; (R1) 1.0830; More… Intraday bias in EUR/USD remains on the downside at this point. Decisive break of 1.0694/0723 support zone will resume whole fall from 1.1138. Next target is 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536. On the upside, above 1.0766 minor resistance will turn intraday […]
06/03/2025

USD/JPY Daily Outlook

Daily Pivots: (S1) 148.12; (P) 149.15; (R1) 149.91; More… Intraday bias in USD/JPY remains neutral for consolidations above 148.08. With 151.29 resistance intact, fall from 158.86 is expected to continue as the third leg of the corrective pattern from 171.96 high. Below 148.08 will target 61.8% retracement of 139.57 to 158.86 at 146.32. Sustained break […]