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Daily Pivots: (S1) 177.70; (P) 177.96; (R1) 178.30; More… Intraday bias in EUR/JPY is turned neutral first with current retreat. Some consolidations would be seen below 178.21 temporary top, but downside should be contained well above 174.80 to bring another rally. ON the upside, break of 178.21 will resume larger up trend to 61.8% projection […]

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23/04/2025

USD/JPY Daily Outlook

Daily Pivots: (S1) 140.44; (P) 141.05; (R1) 142.22; More… USD/JPY’s break of 141.60 minor resistance suggests short term bottoming at 139.87, on bullish convergence condition in 4H MACD, ahead of 139.26/57 key support zone. Intraday bias is back on the upside for stronger rebound. However, risk will stay on the downside as long as 38.2% […]
08/05/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 154.11; (P) 154.43; (R1) 155.01; More… Intraday bias in USD/JPY remains mildly on the upside at this point. Rebound from 151.86 is seen as the second leg of the corrective pattern from 160.20 high. Further rise would be seen to 157.98 resistance. On the downside, below 154.23 minor support will turn intraday […]
04/11/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3918; (P) 1.3939; (R1) 1.3974; More… Intraday bias in USD/CAD is turned neutral first with current retreat. A temporary top was formed at 1.3958, ahead of 1.3976 resistance. Considering bearish divergence condition in 4H MACD, firm break of 1.3890 minor support will indicate short term topping, and turn bias back to the […]