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Daily Pivots: (S1) 1.0425; (P) 1.0456; (R1) 1.0477; More… EUR/USD is staying in consolidation from 1.0176 and intraday bias stays neutral. Stronger rebound might be seen but outlook will remain bearish as long as 38.2% retracement of 1.1213 to 1.0176 at 1.0572 holds. On the downside, break of 1.0176 will resume whole fall from 1.1213. […]

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05/04/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 163.56; (P) 164.24; (R1) 164.69; More… Intraday bias in EUR/JPY as turned neutral again as it retreated ahead of 165.33 resistance. Further rally will remain in favor as long as 162.59 support holds, in case of retreat. Break of 165.33 will resume larger up trend. In the bigger picture, current rally is […]
05/02/2025

USD/JPY Daily Outlook

Daily Pivots: (S1) 153.84; (P) 154.68; (R1) 155.18; More… USD/JPY’s fall from 158.86 short term top resumed by breaking through 153.70 and intraday bias is back on the downside. Deeper decline should be seen to 38.2% retracement of 139.57 to 158.86 at 151.49. Strong support could be seen from there to bring rebound. But further […]
26/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3633; (P) 1.3657; (R1) 1.3682; More… Further decline is expected in USD/CAD as long as 1.3717 minor resistance holds. Corrective pattern from 1.3845 is now in the third leg. Deeper decline would be seen to 1.3589 support. Break there will target 100% projection of 1.3845 to 1.3589 from 1.3790 at 1.3534. In […]