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Daily Pivots: (S1) 147.29; (P) 147.64; (R1) 148.20; More… Intraday bias in USD/JPY stays neutral and outlook is unchanged. On the upside, break of 148.51 will indicate that the pullback from 150.90 has completed, and bring retest of this high. This will also keep the whole rise from 139.87 alive. However, firm break of 145.84 […]

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05/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 143.38; (P) 144.11; (R1) 145.37; More… Intraday bias in USD/JPY remains on the upside at this point. Rise from 140.25 is in progress for 61.8% retracement of 151.89 to 140.25 at 147.44, even as a corrective move. On the downside, below 144.45 minor support will turn intraday bias neutral first. But risk […]
18/12/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0469; (P) 1.0501; (R1) 1.0524; More… No change in EUR/USD’s outlook as sideway trading continues in tight range. Intraday bias stays neutral at this point. Corrective pattern from 1.0330 might extend further. But outlook will stay bearish as long as 55 D EMA (now at 1.0668) holds. On the downside, below 1.0452 […]
11/11/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 152.07; (P) 152.72; (R1) 153.30; More… Range trading continues in USD/JPY and intraday bias stays neutral for the moment. Further rise is expected as long as 151.27 support holds. Above 154.70 will resume the rally from 139.57 towards 161.94 high. However, considering bearish divergence condition in 4H MACD, break of 151.27 will […]