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Daily Pivots: (S1) 148.74; (P) 149.33; (R1) 149.80; More… Intraday bias in USD/JPY remains neutral and more consolidations could be seen below 149.97 temporary top. Further rally is expected with 146.48 resistance turned support intact. Above 149.97 will resume the rise from 139.57 to 61.8% retracement of 161.94 to 139.57 at 153.39 next. However, firm […]

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USD/JPY Mid-Day Outlook

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03/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2552; (P) 1.2565; (R1) 1.2592; More… Intraday bias in GBP/USD is turned neutral with current recovery and some consolidations could be seen first. But risk will stay on the downside as long as 1.2667 resistance holds, in case of recovery. Below 1.2538 will target 1.2517 structural support. Decisive break there will suggest […]
27/03/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9004; (P) 0.9024; (R1) 0.9060; More…. USD/CHF’s rally continues today and met 100% projection projection of 0.8550 to 0.8884 from 0.8728 at 0.9062 already. Intraday bias remains on the upside at this point. Sustained trading above 0.9062 will target 0.9243 key medium term resistance next. On the downside, below 0.8964 minor support […]
13/07/2024

USD/CHF Weekly Outlook

USD/CHF’s fall from 0.9049 continued last week despite interim recovery. As noted before, rebound from 8825 should have completed after rejection by channel resistance. Deeper decline is expected as long as 0.9000 resistance holds, to 0.8825 low. Break of 0.8825 will target 50% retracement of 0.8332 to 0.9223 at 0.8778 next. However, break of 0.9000 […]