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Daily Pivots: (S1) 155.06; (P) 156.08; (R1) 156.60; More… USD/JPY’s fall from 161.94 resumed by breaking through 155.36 today and intraday bias is back on the downside. Further decline should be seen to 38.2% retracement of 140.25 to 161.94 at 153.65. Some support could be seen there to bring rebound, at least on first attempt. […]

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01/11/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 164.72; (P) 165.71; (R1) 166.47; More…. Intraday bias in EUR/JPY stays neutral for consolidations below 166.67 temporary top. Further rally is in favor as long as 55 D EMA (now at 162.92) holds. Sustained break of 61.8% retracement of 175.41 to 154.40 at 167.38 will pave the way to retest 175.41 high. […]
08/11/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3819; (P) 1.3884; (R1) 1.3925; More… Intraday bias in USD/CAD remains neutral as range trading continues below 1..3958. On the downside break of 1.3822 will bring deeper pullback. But downside should be contained by 55 D EMA (now at 1.3740). On the upside, decisive break of 1.3976 will resume larger up trend. […]
03/05/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2490; (P) 1.2517; (R1) 1.2563; More… GBP/USD’s rebound from 1.2298 resumed by breaking through 1.2568 resistance and intraday bias is back on the upside. Strong break of 55 D EMA suggest that fall from 1.2892 has completed with three waves down to 1.2298. Further rise should be seen and break of 61.8% […]