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Daily Pivots: (S1) 165.84; (P) 166.22; (R1) 166.93; More…. A temporary top was formed at 166.67 in EUR/JPY with current retreat. Intraday bias is turned neutral for consolidations first. Further rally is in favor as long as 55 D EMA (now at 162.85) holds. Sustained break of 61.8% retracement of 175.41 to 154.40 at 167.38 […]

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16/10/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.10; (P) 162.77; (R1) 163.20; More…. Intraday bias in EUR/JPY remains neutral for the moment. On the upside, firm break of 163.47/86 resistance will resume the rebound from 154.40 to 61.8% retracement of 175.41 to 154.40 at 167.38. On the downside, break of 158.09 will bring deeper fall back to 154.40/155.14 support […]
03/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8548; (P) 0.8556; (R1) 0.8566; More… No change in EUR/GBP’s outlook. Intraday bias remains neutral and more consolidations would be seen above 0.8529. But further decline is expected as long as 0.8582 resistance holds. Below 0.8529 will target 0.8491/7 support zone. In the bigger picture, outlook remains bearish as EUR/GBP is capped […]
23/08/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.69; (P) 162.36; (R1) 163.24; More…. Intraday bias in EUR/JPY stays neutral as consolidation from 163.86 continues. On the upside, break of 163.86 will resume the rise from 154.40 and target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second leg of the corrective pattern from 175.41. On the downside, […]