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Daily Pivots: (S1) 0.6267; (P) 0.6290; (R1) 0.6320; More… No change in AUD/USD’s outlook as range trading continues. Intraday bias remains neutral at this point. On the downside, break of 0.6186 will target 0.6087 support first. Firm break there will resume whole decline from 0.6941. However, sustained trading above 38.2% retracement of 0.6941 to 0.6087 […]

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12/03/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.19; (P) 160.59; (R1) 160.96; More… Intraday bias in EUR/JPY is turned neutral again with current recovery. On the downside, below 160.20 will resume the fall from 163.70 to 38.2% retracement of 153.15 to 163.70 at 159.66. Sustained break there will indicate that fall from 163.70 is reversing whole rise from 153.13, […]
21/01/2025

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.85; (P) 161.59; (R1) 162.85; More… Intraday bias in EUR/JPY remains neutral at this point. Recovery from 159.74 might extend, but further decline will remain in favor as long as 162.88 resistance holds. On the downside, below 159.74 will target 156.16 support. On the upside, however, break of 162.88 will bring retest […]
08/02/2025

EUR/JPY Weekly Outlook

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 […]