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Daily Pivots: (S1) 0.6252; (P) 0.6292; (R1) 0.6318; More… Intraday bias in AUD/USD stays neutral for now. 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 at 0.6413 will raise the chance of near […]

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EUR/USD Daily Outlook

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EUR/JPY Mid-Day Outlook

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14/10/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 148.58; (P) 148.94; (R1) 149.46; More… USD/JPY’s rise from 139.57 resumed after brief consolidations and intraday bias is back on the upside, This rally is seen as the second leg of the corrective pattern from 161.94, and should target 61.8% retracement of 161.94 to 139.57 at 153.39 next. On the downside, below […]
19/09/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 186.51; (P) 187.28; (R1) 188.74; More… GBP/JPY’s break of 188.08 minor resistance suggest that fall from 193.45 has completed at 183.70 already. Rise from there is seen as the third leg of the corrective pattern from 180.00. Intraday bias is back on the upside for 193.45 and possibly further to 61.8% retracement […]
04/05/2024

EUR/CHF Weekly Outlook

EUR/CHF’s rebound from 0.9563 should have completed at 0.9835 last week after rejection by 0.9847 resistance. Initial bias stays on the downside this week. Fall from 0.9835 is seen as the third leg of the corrective pattern from 0.9847, and should target 0.9563 support. For now, risk will stay on the downside as long as […]