Daily Pivots: (S1) 137.99; (P) 138.57; (R1) 139.41; More… No change in USD/JPY’s outlook as consolidation from 137.22 is extending. Intraday bias stays neutral for the moment. While further recovery might be seen, upside should be limited by 55 4H EMA (now at 139.96) and bring another decline. Break of 137.22 and sustained trading below
Wetradelive
Daily Pivots: (S1) 138.01; (P) 138.71; (R1) 139.41; More… USD/JPY is extending the consolidation from 137.22 and intraday bias stays neutral. Upside of recovery should be limited by 55 4H EMA (now at 140.06) and bring another decline. Break of 137.22 and sustained trading below 137.90 resistance turned support will confirm the larger bearish case
Daily Pivots: (S1) 138.01; (P) 138.71; (R1) 139.41; More… Intraday bias in USD/JPY remains neutral as consolidation from 137.22 is extending. Upside of recovery should be limited by 55 4H EMA (now at 140.18) and bring another decline. Break of 137.22 and sustained trading below 137.90 resistance turned support will confirm the larger bearish case
Daily Pivots: (S1) 137.63; (P) 138.40; (R1) 139.55; More… USD/JPY’s consolidation from 137.22 is extending and intraday bias remains neutral. Upside of recovery should be limited by 55 4H EMA (now at 140.45) and bring another decline. Break of 137.22 and sustained trading below 137.90 resistance turned support will confirm the larger bearish case, and
Daily Pivots: (S1) 0.6664; (P) 0.6742; (R1) 0.6787; More… AUD/USD’s fall from 0.6894 resumed by breaking through 0.6714 and intraday bias is back on the downside. As this decline is seen as the third leg of the corrective pattern from 0.6898, downside should be contained by 0.6594 support. On the upside, break of 0.6820 resistance
AUD/USD’s strong rebound last week suggests that rise from 0.6457 is still in progress. But as a temporary top was formed at 0.6894, initial bias is neutral this week first. Decisive break of 0.6898 resistance will firstly confirm resumption of rise from 0.6457. Secondly, that should also confirm completion of the fall from 0.7156 at
Daily Pivots: (S1) 0.6817; (P) 0.6856; (R1) 0.6928; More… Intraday bias in AUD/USD remains on the upside with focus on 0.6898 resistance. Decisive break there will will firstly confirm resumption of rise from 0.6457. Secondly, that should also confirm completion of the fall from 0.7156 at 0.6457. Next target will be 100% projection of 0.6457