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Daily Pivots: (S1) 147.28; (P) 148.11; (R1) 149.17; More… Intraday bias in USD/JPY remains on the upside for the moment. Further rise should be seen to retest 150.90 resistance. Break there will resume the rise from 139.87 to 151.22 fibonacci level. Firm break there will carry larger bullish implication. On the downside, however, break of […]

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11/07/2024

EUR/JPY Mid-Day Outlook

Daily Pivots: (S1) 174.50; (P) 174.83; (R1) 175.45; More… EUR/JPY’s strong break of 173.50 support suggests that a short term top was formed at 175.41, on bearish divergence condition in 4H MACD. But there is no clear sign of trend reversal yet. While deeper pullback cannot be ruled out, downside could be contained by 170.87 […]
06/11/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 151.12; (P) 151.83; (R1) 152.32; More… USD/JPY’s rally from 139.57 resumed by breaking 153.87 resistance and intraday bias is back on the upside. Sustained trading above of 61.8% retracement of 161.94 to 139.57 at 153.39 will pave the way to retest 161.94 high. For now, outlook will stay bullish as long as […]
20/01/2025

USD/CAD Mid-Day Outlook

Daily Pivots: (S1) 1.4406; (P) 1.4446; (R1) 1.4520; More… USD/CAD’s steep decline today and break of 1.4301 support indicates short term topping at 1.4484, on bearish divergence condition in 4H MACD. Intraday bias is back on the downside. Fall from 1.4484 is seen as a correction to rally from 1.3418, and should target 55 D […]