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Daily Pivots: (S1) 171.56; (P) 172.14; (R1) 172.57; More… Immediate focus is now on 170.94 support in EUR/JPY with today’s decline. Firm break there will suggest that the corrective pattern from 173.87 has started the third leg. Intraday bias will be turned back to the downside for 169.69 support, and possibly below. But downside should […]

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01/08/2025

EUR/JPY Daily Outlook

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 […]
18/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.32; (P) 160.81; (R1) 161.71; More… Intraday bias in EUR/JPY remains on the upside at this point. Current rise from 153.15 is in progress for 161.8% projection of 153.15 to 158.55 from 155.06 at 163.79, which is close to 164.29 high. On the downside, below 160.03 minor support will turn intraday bias […]
28/10/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2946; (P) 1.2972; (R1) 1.2989; More… Intraday bias in GBP/USD remains neutral for the moment and some more consolidations could be seen above 1.2906 temporary low. Further decline is expected as long as 1.3070 minor resistance holds. Below 1.2906 will target 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bearish […]