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EUR/JPY’s rebound from 161.06 continued last week and breached 165.19 resistance. Initial bias stays on the upside this week. Further rally would be seen to 166.67 resistance, and possibly further to 61.8% retracement of 175.41 to 154.77 at 167.38. For now, near term outlook will stay mildly bullish as long as 162.87 support holds, in […]

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19/10/2024

GBP/JPY Weekly Outlook

GBP/JPY edged higher last week but failed to break through 195.95 resistance. Initial bias stays neutral this week first. On the upside, break of 195.95 will resume whole rise from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35 next. Sustained break there will target 208.09 high. On the downside, below 192.87 minor support […]
08/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 157.87; (P) 158.43; (R1) 158.82; More… Intraday bias in EUR/JPY is turned neutral first with current retreat. But rise will stay on the upside as long as 155.06 support holds. On the upside, above 158.97 will resume the rebound from 153.15 to 100% projection of 153.15 to 158.55 from 155.06 at 160.46. […]
14/08/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.79; (P) 161.29; (R1) 161.94; More… Intraday bias in EUR/JPY stays neutral at this point. Outlook stays bearish with 38.2% retracement of 175.41 to 154.40 at 162.42 intact. On the downside, below 157.71 minor support will bring retest of 154.40 first. Break there will resume the fall from 175.41 to 153.15 support […]