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EUR/JPY’s decline accelerated last week and there is no sign of bottoming yet. Initial bias stays on the downside this week for 100% projection of 166.7 to 156.16 from 164.89 at 154.38. Firm break of 154.40 will resume whole fall from 175.41 and target 152.11 key fibonacci support. On the upside, above 158.00 minor resistance […]

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USD/JPY Weekly Outlook

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24/10/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 163.50; (P) 164.26; (R1) 165.47; More…. Intraday bias in EUR/JPY remains on the upside for the moment. Rise from 155.14 is in progress and should target 61.8% retracement of 175.41 to 154.40 at 167.38. Sustained break there will pave the way to retest 175.41 high. On the downside, break of 161.83 support […]
30/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 197.05; (P) 197.83; (R1) 198.87; More… Intraday bias in GBP/JPY remains neutral as consolidations continue above 195.84. Further decline is expected as long as 55 4H EMA (now at 200.20) holds. On the downside, sustained trading below 38.2% retracement of 178.32 to 208.09 at 196.71 will argue that larger scale correction is […]
10/05/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9042; (P) 0.9071; (R1) 0.9087; More…. Intraday bias in USD/CHF remains neutral at this point, and outlook is unchanged. Further decline is in favor as long as 55 4H EMA (now at 0.9091) holds. On the downside, break of 0.9005 and sustained trading below 55 D EMA (now at 0.9004) will bring […]