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Daily Pivots: (S1) 1.4298; (P) 1.4362; (R1) 1.4445; More… Intraday bias in USD/CAD remains neutral for the moment. Overall, corrective pattern from 1.4791 should still be extending. Break of 1.3248 will target 1.4150 support and possibly below. Meanwhile, break of 1.4541 will bring stronger rise back to retest 1.4791. In the bigger picture, long term […]

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EUR/JPY Daily Outlook

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21/01/2024

EUR/JPY Weekly Outlook

EUR/JPY’s rise from 153.15 extended higher last week. Initial bias stays on the upside this week for 161.8% projection of 153.15 to 158.55 from 155.06 at 163.79, which is close to 164.29 high. On the downside, below 160.03 minor support will turn intraday bias neutral first. But further rally is expected as long as 158.55 […]
23/01/2025

USD/JPY Daily Outlook

Daily Pivots: (S1) 155.68; (P) 156.20; (R1) 157.04; More… Intraday bias in USD/JPY remains neutral for the moment. Sustained trading below 55 D EMA (now at 154.73) will extend the correction from 158.86 to 38.2% retracement of 139.57 to 158.86 at 151.49 next. However, firm break of 158.86 will resume the whole rally from 139.67 […]
19/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3557; (P) 1.3590; (R1) 1.3639; More… Intraday bias in USD/CAD remains neutral for the moment. On the downside, break of 1.3545 minor support will suggest that recovery from 1.3439 has completed, and turn bias to the downside for retesting this low. Nevertheless, decisive break of 38.2% retracement of 1.3946 to 1.3439 at […]