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USD/CHF edged higher to 0.9200 last week but lost momentum ahead of 0.9223 key resistance and retreated. Initial bias remains neutral this week for more consolidations. As long as 0.9007 support holds, near term outlook remains bullish. On the upside, decisive break of 0.9223 will carry larger bullish implications. However, break of 0.9007 will confirm […]

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GBP/JPY Weekly Outlook

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13/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 146.43; (P) 147.32; (R1) 148.11; More… Outlook in USD/JPY remains bearish with 38.2% retracement of 161.94 to 141.67 at 149.41 intact and intraday bias stays neutral. Below 145.42 minor support will turn bias to the downside for 141.67. Break there will resume the fall from 161.94 to 140.25 support next. Nevertheless, decisive […]
09/10/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 193.27; (P) 193.83; (R1) 194.76; More… Intraday bias in GBP/JPY remains neutral for the moment. 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. On the downside, break of 189.54 will turn bias back to the downside for 183.70 […]
20/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 168.87; (P) 169.10; (R1) 169.42; More… EUR/JPY’s rise from 1.6401 resumed by breaking 169.38 and intraday bias is back on the upside. This rally, as the second leg of the corrective pattern from 171.58, should target this high next. On the downside, break of 167.31 support should turn bias back to the […]