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Daily Pivots: (S1) 186.70; (P) 188.14; (R1) 189.24; More… Intraday bias in GBP/JPY remains on the downside for 100% projection of 198.94 to 189.31 from 194.73 at 185.10. Decisive break there will target 138.2% projections at 181.42. On the upside, above 189.57 minor resistance will turn intraday bias neutral first. But risk will stay on […]

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05/09/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 143.09; (P) 144.35; (R1) 145.00; More… USD/JPY’s fall from 149.35 resumed by breaking through 143.43 support and intraday bias is back on the downside for retesting 141.67 low. Firm break there will resume whole decline from 161.95 high, for 140.25 support next. For now, risk will stay on the downside as long […]
14/09/2024

USD/CAD Weekly Outlook

USD/CAD’s rebound from 1.3439 continued last week but failed to break through 1.3617 resistance decisively. Initial bias stays neutral this week first and another fall remains in favor. On the downside, below 1.3545 minor support will turn bias to the downside for retesting 1.3439 low. Nevertheless, sustained break of 1.3617 will turn bias back to […]
27/01/2024

EUR/GBP Weekly Outlook

EUR/GBP’s fall from 0.8764 resumed through 0.8548 last week. While downside momentum is a bit unconvincing, further decline is expected with 0.8563 resistance intact. Next target is 0.8491 low and break will resume larger down trend to 0.8464 projection level. On the upside, above 0.8563 minor resistance will turn intraday bias neutral and bring consolidations […]