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Daily Pivots: (S1) 162.66; (P) 162.93; (R1) 163.18; More… Intraday bias in EUR/JPY remains neutral for the moment, and some more consolidations could be seen below 163.45. Downside of retreat should be contained by 55 4H EMA (now at 162.06) to bring another rally. On the upside, break of 163.45 will target 164.29 high. In […]

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03/01/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 178.40; (P) 179.52; (R1) 180.31; More… Range trading continues in GBP/JPY and intraday bias remains neutral. Further decline is expected as long as 184.15 resistance holds. On the downside, break of will resume the decline from 188.63 and target 38.2% retracement of 148.93 to 188.63 at 173.46. However, decisive break of 184.15 […]
15/10/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 149.20; (P) 149.59; (R1) 150.15; More… Intraday bias in USD/JPY is turned neutral again with current retreat. Another rise is expected for now, and break of 149.97 will resume the rise from 139.57 to 61.8% retracement of 161.94 to 139.57 at 153.39 next. However, firm break of 146.48 will argue that such […]
24/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.78; (P) 161.18; (R1) 161.60; More… Intraday bias in EUR/JPY stays neutral for consolidations below 161.81. Even in case of deep retreat, further rally is expected as long as 158.55 resistance turned support holds. On the upside, break of 161.84 will resume whole rally from 153.15 to 161.8% projection of 153.15 to […]