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Daily Pivots: (S1) 158.88; (P) 160.04; (R1) 161.07; More… EUR/JPY retreated after rising to 161.17 and intraday bias is turned neutral first. Overall, sideway pattern from 154.40 is still extending with another upleg. On the upside, above 161.17 will target 164.07 resistance and then 164.89. In the bigger picture, price actions from 175.41 are seen […]

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11/10/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 148.04; (P) 148.79; (R1) 149.33; More… Intraday bias in USD/JPY remains neutral for consolidation below 149.58 temporary top. Further rally is expected as long as 145.91 minor support holds. Rise from 139.57 is s seen as the second leg of the corrective pattern from 161.94. Break of 149.58 will target 61.8% retracement […]
19/01/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6541; (P) 0.6558; (R1) 0.6591; More… Intraday bias in AUD/USD is turned neutral with current recovery. Some consolidations would be seen first, but outlook will stay bearish as long as 0.6639 support turned resistance holds. Below 0.6524 temporary low ill resume the fall from 0.6870 to 61.8% retracement of 0.6269 to 0.6870 […]
04/09/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 144.68; (P) 145.94; (R1) 146.73; More… Intraday bias in USD/JPY remains neutral for the moment, and further rally will remain in favor as long as 143.43 support holds. Above 147.20 will target 149.35 resistance first. Firm break there will resume the rebound from 141.67 to 100% projection of 141.67 to 149.35 from […]