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Daily Pivots: (S1) 161.62; (P) 162.15; (R1) 162.70; More… Intraday bias in EUR/JPY remains neutral as range trading continues. On the upside, above 164.16 will resume the rally from 154.77 to 164.89 resistance, and then 166.67. However, decisive break of 158.27 support will bring deeper decline back to 154.77 support. Overall, sideway consolidation pattern from […]

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USD/JPY Mid-Day Outlook

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04/12/2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0838; (P) 1.0875; (R1) 1.0922; More… EUR/USD’s fall from 1.1016 is in progress and intraday bias remains on the downside. Deeper decline would be seen to 55 D EMA (now at 1.0766). On the upside, above 1.0912 minor resistance will turn intraday bias neutral again first. Further break of 1.1016 will resume […]
19/03/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 148.93; (P) 149.13; (R1) 149.35; More… USD/JPY’s rally from 146.47 continues today and intraday bias stays on the upside for retesting 150.87/89 key resistance. Decisive break there will confirm larger up trend resumption. Next near term target will be 61.8% projection of 140.25 to 150.87 from 146.47 at 153.03. On the downside, […]
21/02/2025

USD/JPY Daily Outlook

Daily Pivots: (S1) 148.85; (P) 150.17; (R1) 150.93; More… Intraday bias in USD/JPY is turned neutral first with current recovery. Some consolidations might be seen, but outlook will stay bearish as long as 154.79 resistance holds. Fall from 158.86 is currently seen as the third leg of the pattern from 161.94 high. Break of 149.26 […]