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GBP/USD’s rebound from 1.2099 resumed last week but failed to sustain above 38.2% retracement of 1.3433 to 1.2099 at 1.2609. Immediate focus stays on 1.2609 this week. Firm break there will raise the chance of near term reversal, and target 61.8% retracement at 1.2923. Nevertheless, on the downside, break of 1.2331 support will suggest that […]

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EUR/USD Weekly Outlook

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EUR/USD Daily Outlook

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09/07/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 160.28; (P) 160.84; (R1) 161.35; More… Intraday bias in USD/JPY stays neutral at this point. Further rally is expected with 160.25 minor support intact. On the upside, break of 161.94 temporary top will resume larger up trend to 61.8% projection of 146.47 to 160.20 from 154.53 at 163.01. Nevertheless, break of 160.25 […]
25/03/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 163.15; (P) 163.98; (R1) 164.48; More… Intraday bias in EUR/JPY remains neutral for the moment. Downside of current retreat should be contained by 55 4H EMA (now at 163.27) to bring rebound. On the upside, break of 165.33 will resume larger up trend to 61.8% projection of 153.15 to 163.70 from 160.20 […]
24/01/2025

USD/JPY Daily Outlook

Daily Pivots: (S1) 155.59; (P) 156.23; (R1) 156.71; More… USD/JPY’s is staying above 154.77 temporary low despite today’s dip, and intraday bias remains neutral. Further decline remains in favor for now. Sustained trading below 55 D EMA (now at 154.73) will extend the correction from 158.86 to 38.2% retracement of 139.57 to 158.86 at 151.49 […]