Daily Pivots: (S1) 141.13; (P) 141.67; (R1) 142.54; More… USD/JPY’s break of 142.84 minor resistance indicates short term bottoming at 140.25, on bullish divergence condition in 4H MACD. Intraday bias is back on the upside for stronger rebound to 38.2% retracement of 151.89 to 140.25 at 144.69. On the downside, below 141.85 minor support will […]
Daily Pivots: (S1) 1.0608; (P) 1.0636; (R1) 1.0653; More… A temporary low is in place at 1.0601 in EUR/USD with 4H MACD crossed above signal line. Intraday bias is turned neutral for consolidations first. While stronger recovery cannot be ruled out, upside should be limited by 1.0723 support turned resistance. On the downside, break of […]
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