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Daily Pivots: (S1) 145.08; (P) 146.68; (R1) 149.36; More… Intraday bias in USD/JPY is turned neutral again with current rebound. On the upside, firm break of 148.13 will confirm short term bottoming, and turn bias back to the upside for 151.20 resistance. Nevertheless, rejection by 148.13, followed by break of 143.98 will resume larger fall […]

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15/02/2025

EUR/JPY Weekly Outlook

EUR/JPY’s strong rebound last week suggests that fall from 164.89 has completed at 155.72 already. But with a temporary top formed at 161.17, initial bias remains neutral this week first. Overall, sideway pattern from 154.40 is still extending with another upleg. On the upside, above 161.17 will target 164.07 resistance and then 164.89. In the […]
01/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8460; (P) 0.8471; (R1) 0.8484; More… EUR/GBP’s break of 0.8482 support turned resistance indicates short term bottoming a 0.8396. Intraday bias is back on the upside. Break of 55 D EMA (now at 0.8505) will target 0.8529 support turned resistance. on the downside, break of 0.8493 support will bring retest of 0.8396 […]
21/06/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2633; (P) 1.2679; (R1) 1.2704; More… Intraday bias in GBP/USD is back on the downside as fall from 1.2859 resumed by breaking through 1.2656 temporary low. Firm break of 1.2633 resistance turned support will argue that whole rise from 1.2298 has completed, and target 1.2445 and below. For now, risk will stay […]