USD/JPY edged higher to 136.99 last week but failed to sustain above 61.8% projection of 114.40 to 131.34 from 126.35 at 136.81 and retreated. Initial bias is neutral this week first. Considering bearish divergence condition in 4 hour and daily MACD, a correction could be imminent. On the downside, break of 134.25 support will confirm […]
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Daily Pivots: (S1) 192.37; (P) 192.70; (R1) 193.11; More… GBP/JPY’s break of 193.01 resistance argues that fall from 198.94 might have completed, ahead of 188.07 support. Corrective pattern from 180.00 is probably extending with another Read more…
Daily Pivots: (S1) 162.13; (P) 162.63; (R1) 163.06; More… Intraday bias in EUR/JPY remains on the upside for 164.89 resistance. Firm break there will resume the rise from 156.16, as another leg of the corrective Read more…
Daily Pivots: (S1) 0.8422; (P) 0.8441; (R1) 0.8452; More… Intraday bias in EUR/GBP remains neutral for the moment, and more consolidations could be seen below 0.8472. Outlook will stay bullish as long as 0.8403 support Read more…