USD/JPY Daily Outlook

Daily Pivots: (S1) 1.2448; (P) 1.2495; (R1) 1.2540; More… GBP/USD’s rebound form 1.2298 is resuming and intraday bias is back on the upside. Further rally would be seen to 55 D EMA (now at 1.2582). Sustained break there will argue that fall from 1.2892 has completed already, and bring further rise to this resistance. Nevertheless, […]

Daily Pivots: (S1) 1.0813; (P) 1.0826; (R1) 1.0841; More… Intraday bias in EUR/SD remains neutral a this point. Risk will stay on the downside as long as 55 4H EMA (now at 1.0848) holds. Below 1.0801 will resume the fall from 1.0980 to retest 1.0694 first. Break there will resume the decline from 1.1138 and […]

USD/CHF’s rebound from 0.8332 extended higher last week, but lost momentum after hitting 55 D EMA (now at 0.8687). It’s also pressing 38.2% retracement of 0.9243 to 0.8332 at 0.8680. Focus stays on this 0.8680 resistance zone. Decisive break there will turn near term outlook bullish for 61.8% retracement 0.8995. Nevertheless, break of 0.8565 minor […]