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Daily Pivots: (S1) 149.49; (P) 150.24; (R1) 151.38; More… Intraday bias in USD/JPY remains neutral for the moment. Fall from 158.86 is seen as the third leg of the corrective pattern from 161.94 high. Break of 148.55 will target 61.8% retracement of 139.57 to 158.86 at 146.32 next. On the upside, however, break of 150.92 […]

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05/03/2024

AUD/USD Mid-Day Report

Daily Pivots: (S1) 0.6499; (P) 0.6517; (R1) 0.6528; More… Intraday bias in AUD/USD is back on the downside with break of 0.6486 temporary low. Retest of 0.6442 support should be seen next. Firm break there will resume whole decline from 0.6870 for 61.8% projection of 0.6870 to 0.6442 from 0.6594 at 0.6329. On the upside, […]
02/03/2025

USD/JPY Weekly Outlook

USD/JPY’s fall from 158.86 continued last week but recovered after hitting 148.55. Initial bias remains neutral this week first. This decline is seen as the third leg of the corrective pattern from 161.94 high. Break of 148.55 will target 61.8% retracement of 139.57 to 158.86 at 146.32 next. On the upside, however, break of 150.92 […]
07/01/2025

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 156.61; (P) 157.28; (R1) 158.33; More… Intraday bias in USD/JPY stays on the upside at this point. Current rally from 139.57 is in progress to 61.8% projection of 139.57 to 156.74 from 148.64 at 159.25. Firm break there will target 161.94 high. However, break of 156.01 support will indicate short term topping, […]