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Daily Pivots: (S1) 159.39; (P) 159.82; (R1) 160.22; More… Intraday bias in EUR/JPY remains neutral for the moment. Overall, sideway pattern from 154.40 is still extending with another upleg. On the upside, above 161.17 will target 164.07 resistance and then 164.89. In the bigger picture, price actions from 175.41 are seen as correction to rally […]

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12/03/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0911; (P) 1.0929; (R1) 1.0944; More… EUR/USD’s retreat from 1.0980 extends slightly lower today but intraday bias stays neutral first. Further rise would remain in favor as long as 1.0797 support holds. Fall from 1.1138 could have completed at 1.0694, as a correction to rise from 1.0447. Above 1.0980 will resume the […]
31/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8500; (P) 0.8509; (R1) 0.8516; More… Intraday bias in EUR/GBP remains neutral at this point. Further decline is expected as long as 0.8531 minor resistance holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next. On the upside, break of 0.8531 will turn bias back to the […]
27/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 156.83; (P) 156.99; (R1) 157.16; More… Intraday bias in USD/JPY remains mildly on the upside for 100% projection of 151.86 to 156.78 from 153.59 at 158.51. On the downside, below 155.83 minor support will turn intraday bias neutral first. Further break of 153.69 will target 151.86 and below as the third leg […]