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Daily Pivots: (S1) 155.60; (P) 156.01; (R1) 156.68; More… USD/JPY’s rally is still in progress and intraday bias stays on the upside. Current rise from 139.57 should target 61.8% projection of 141.63 to 153.87 from 151.27 at 158.8. On the downside, below 153.40 minor support will turn intraday bias neutral again first. But near term […]

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GBP/JPY Daily Outlook

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05/09/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.30; (P) 189.64; (R1) 190.32; More… Immediate focus is no won 188.23 support in GBP/JPY with current decline. Firm break there will indicate that rebound from 180.00 has completed at 193.45. Intraday bias will be turn back to the downside for retesting 180.00. Nevertheless, strong rebound from current level will keep the […]
28/03/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 150.91; (P) 151.44; (R1) 151.85; More… Range trading continues in USD/JPY and intraday bias stays neutral. On the downside, break of 150.25 support should confirm short term topping, and turn bias back to the downside for 55 D EMA (now at 149.01). Nevertheless, sustained break of 151.93 key resistance will confirm long […]
10/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9796; (P) 0.9817; (R1) 0.9830; More… Intraday bias in EUR/CHF remains neutral as consolidation from 0.9847 is extending. Near term outlook will stay bullish as long as 0.9709 support holds. Break of 0.9847 will resume larger rise from 0.9252. However, considering bearish divergence condition in 4H MACD, break of 0.9709 will confirm […]