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Daily Pivots: (S1) 146.83; (P) 147.48; (R1) 148.41; More… USD/JPY’s recovery from 146.52 extends higher today, but it’s still seen as part of a consolidation pattern. Intraday bias remains neutral for now. Upside should be limited by 150.92 support turned resistance. On the downside, sustained trading below 61.8% retracement of 139.57 to 158.86 at 146.32 […]

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12/03/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 146.57; (P) 146.87; (R1) 147.25; More… A temporary low is formed at 146.47 with today’s recovery and intraday bias in USD/JPY is turned neutral first. On the downside, sustained break of 38.2% retracement of 140.25 to 150.87 at 146.81 will argue that fall from 150.87 is reversing the whole rally from 140.25. […]
28/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8494; (P) 0.8507; (R1) 0.8517; More… Intraday bias in EUR/GBP remains neutral first. Further decline is expected as long as 55 D EMA (now at 0.8559) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next. In the bigger picture, outlook remains bearish as EUR/GBP is capped […]
17/08/2024

EUR/AUD Weekly Outlook

EUR/AUD’s correction from 1.7180 short term top continued last week, but downside is contained above 1.6474 support so far. Initial bias remains neutral this week first, and further rally is in favor. On the upside, above 1.6745 will argue that the pullback has completed, and turn bias back to the upside for retesting 1.7180. However, […]