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EUR/JPY stayed in range below 164.89 last week despite late decline. Initial bias remains neutral this week first. On the upside, above 164.89 will resume the rise from 156.16, as a leg in the corrective pattern from 154.40. Next target is 166.67. However, firm break of 160.89 will turn bias back to the downside for […]

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17/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9013; (P) 0.9038; (R1) 0.9088; More…. Intraday bias in USD/CHF stays neutral at this point. Further decline is expected as long as 0.9101 resistance holds. Break of 0.8987 will resume the whole fall from 0.9223 and target 38.2% retracement of 0.8332 to 0.9223 at 0.8883 next. However, break of 0.9101 will turn […]
29/07/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 152.96; (P) 153.85; (R1) 154.59; More… No change in USD/JPY’s outlook and intraday bias remains neutral for consolidation above 151.93. Further decline is expected as long as 155.36 support turned resistance holds. On the downside, decisive break of 151.89 resistance turned support will argue that large scale correction is underway to 148.66 […]
08/02/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2599; (P) 1.2620; (R1) 1.2650; More… GBP/USD retreated ahead of 55 4H EMA (now at 1.2642) and intraday bias is turned neutral first. Above 1.2641 will resume the rebound from 1.2517 to retest 1.2826 high. On the downside, however, decisive break of 1.2499 will argue that whole rise from 1.2036 has completed […]