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Daily Pivots: (S1) 171.37; (P) 171.70; (R1) 172.15; More… EUR/JPY recovered notably today but remains bounded in range of 170.94/172.99. Intraday bias remains neutral at this point. On the upside, break of 172.99 will bring retest of 173.87 high. Firm break there will resume larger rally from 154.77. On the downside, break of 170.94 will […]

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15/04/2025

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.85; (P) 162.57; (R1) 163.06; 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 […]
20/01/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0846; (P) 1.0877; (R1) 1.0906; More… EUR/USD is extending consolidation above 1.0843 temporary low and intraday bias stays neutral. Outlook remains bearish with 1.0995 resistance intact. On the downside, break of 1.0843 will resume the fall from 1.1138 to 1.0722 support. Sustained break there will argue that whole rise from 1.0447 has […]
31/07/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0797; (P) 1.0816; (R1) 1.0835; More….. Further decline is expected in EUR/USD with 1.0869 resistance intact. Sustained break of 55 D EMA (now at 1.0815) will argue that whole rebound from 1.0601 has completed with three waves up to 1.0947. Deeper decline should then be seen to 1.0601/0665 support zone next. Nevertheless, […]