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Daily Pivots: (S1) 140.44; (P) 141.05; (R1) 142.22; More… Intraday bias in USD/JPY remains mildly on the upside at this point. Rebound from 139.87 short term bottom could extend higher. But overall risk will stay on the downside as long as 38.2% retracement of 158.86 to 139.87 at 147.12 holds. On the downside, decisive break […]

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EUR/USD Daily Outlook

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07/08/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 156.66; (P) 158.45; (R1) 159.60; More… EUR/JPY’s recovery from 154.40 extends higher today but stays below 162.87 resistance. Intraday bias remains neutral at this point, and further fall is expected. On the downside, below 157.71 minor support will turn bias back to the downside. Break of 154.40 will resume the fall from […]
04/03/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6575; (P) 1.6615; (R1) 1.6650; More… Intraday bias in EUR/AUD remains neutral at this point as consolidation from 1.6692 is extending. Overall, further rally is expected as long as 1.6450 support holds. Current development suggests that whole correction from 1.7062 should have completed with three waves down to 1.6127. Break of 1.6692 […]
03/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0689; (P) 1.0710; (R1) 1.0745; More… Range trading continues in EUR/USD and intraday bias stays neutral. On the upside, break of 1.0752 will resume the rebound from 1.0601. Sustained trading above 55 D EMA (now at 1.0769) will argue that fall from 1.0980 has completed. On the downside, though, break of 1.0648 […]