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Daily Pivots: (S1) 140.44; (P) 141.05; (R1) 142.22; More… USD/JPY’s break of 141.60 minor resistance suggests short term bottoming at 139.87, on bullish convergence condition in 4H MACD, ahead of 139.26/57 key support zone. Intraday bias is back on the upside for stronger rebound. However, risk will stay on the downside as long as 38.2% […]

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GBP/JPY Daily Outlook

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23/10/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 150.66; (P) 150.93; (R1) 151.36; More… USD/JPY accelerates to as high as 153.18 so far and intraday bias stays on the upside. Decisive break of 61.8% retracement of 161.94 to 139.57 at 153.39 will pave the way to retest 161.94 high. On the downside, below 151.18 minor support will turn intraday bias […]
24/02/2024

EUR/JPY Weekly Outlook

EUR/JPY’s rally from 153.15 continued last week but lost momentum after hitting 163.45. Initial bias is turned neutral this week for consolidations first. Downside of retreat should be contained by 55 4H EMA (now at 161.94) to bring another rally. On the upside, break of 163.45 will target 164.29 high. In the bigger picture, price […]
04/04/2025

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8483; (P) 0.8658; (R1) 0.8769; More… USD/CHF’s steep decline is still in progress and there is no sign of bottoming yet. Intraday bias stays on the downside for 100% projection of 0.9196 to 0.8757 from 0.8854 at 0.8415. On upside, above 0.8617 minor resistance will turn intraday bias neutral and bring consolidations. […]