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EUR/JPY’s extended rebound last week suggests that pullback from 177.91 has completed at 174.80 already. Initial bias stays on the upside this week. Firm break of 177.91 will confirm larger up trend resumption, and target 61.8% projection of 161.06 to 173.87 from 172.24 at 180.15 next. On the downside, though, below 176.58 will turn bias […]

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21/09/2024

USD/JPY Weekly Outlook

USD/JPY’s rebound last week suggests short term bottoming at 139.57. just ahead of 139.26 key fibonacci level. Initial bias remains mildly on the upside this week. Further rise would be seen to 38.2% retracement of 161.94 to 139.57 at 148.11. On the downside, below 141.73 minor support will turn bias to the downside for retesting […]
15/03/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0858; (P) 1.0907; (R1) 1.0932; More… EUR/USD’s break of 55 4H EMA (now at 1.0900) indicates short term topping at 1.0980. Intraday bias is back on the downside for 1.0797 support. Firm break there will argue that rebound from 1.0694 has completed and bring retest of this low. For now, risk will […]
24/01/2025

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0379; (P) 1.0409; (R1) 1.0445; More… Intraday bias in EUR/USD is back on the upside as rebound from 1.0176 resumed by breaking through 1.0435 resistance. Strong resistance might be seen from 38.2% retracement of 1.1213 to 1.0176 at 1.0572 to limit upside. Break of 1.0371 minor support will bring retest of 1.0176 […]