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Daily Pivots: (S1) 156.79; (P) 158.00; (R1) 160.41; More… EUR/JPY’s rebound from 154.77 resumed and break of 158.45 indicates short term bottoming. Intraday bias is back on the upside. Sustained break of 55 D EMA (now at 159.55) will argue that corrective pattern from 154.40 has started another rising leg, and target 161.17 resistance and […]

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05/09/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 158.74; (P) 159.83; (R1) 160.39; More…. Current decline suggests that rebound from 154.40 has completed at 163.86. Intraday bias in EUR/JPY is back on the downside for retesting 154.40 low first. Firm break there will resume whole fall from 175.41. On the upside, above 160.01 support turned resistance will turn intraday bias […]
08/10/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0956; (P) 1.0972; (R1) 1.0989; More…. Intraday bias in EUR/USD stays on the downside. Fall from 1.1213 short term top is in progress for 38.2% retracement of 1.0447 to 1.1213 at 1.0920. Sustained break there will argue that fall from 1.1213 is the third leg of the corrective pattern from 1.1274. In […]
08/02/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8706; (P) 0.8730; (R1) 0.8770; More…. Intraday bias in USD/CHF remains on the upside as rise from 0.8332 is in progress. Further seen to 61.8% retracement of 0.9243 to 0.8332 at 0.8995 next. On the downside, below 0.8687 minor support will turn intraday bias neutral first. But near term outlook will stay […]