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Daily Pivots: (S1) 150.43; (P) 150.64; (R1) 150.91; More… Immediate focus is now on 149.51 minor support in USD/JPY. Considering bearish divergence condition in 4H MACD, firm break of 149.51 should confirm short term topping at 150.87. Intraday bias will then be back on the downside for channel support (now at 148.20), even as a […]

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30/10/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 152.80; (P) 153.33; (R1) 153.92; More… No change in USD/JPY’s outlook and intraday bias stays on the upside. Sustained trading above 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 151.44 minor support will turn intraday bias neutral again first. In […]
09/04/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 164.42; (P) 164.67; (R1) 165.14; More… Range trading continues in EUR/JPY and intraday bias remains neutral. More consolidations could be seen below 165.33.On the upside, firm break of 165.33 will resume larger up trend towards 169.96 key resistance next. On the downside, though, break of 162.59 will turn bias to the downside […]
02/10/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8438; (P) 0.8460; (R1) 0.8488; More… No change in USD/CHF’s outlook as range trading continues and intraday bias remains neutral. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. Nevertheless, firm break of 0.8548 will turn […]