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Daily Pivots: (S1) 141.37; (P) 142.64; (R1) 143.28; More… Intraday bias in USD/JPY remains neutral for the moment. On the upside, above 144.02 will resume the rebound from 139.87. But ear term outlook will stay bearish as long as 38.2% retracement of 158.86 to 139.87 at 147.12 holds. On the downside, firm break of 142.26 […]

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EUR/USD Daily Outlook

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29/10/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 152.51; (P) 153.20; (R1) 153.98; More… Intraday bias in USD/JPY remains on the upside as rise from 139.57 is in progress. Sustained trading above 61.8% retracement of 161.94 to 139.57 at 153.39 will pave the way to retest 161.94 high. On the downside, below 151.44 minor support will turn intraday bias neutral […]
04/05/2024

EUR/JPY Weekly Outlook

EUR/JPY reversed after initial rise to 171.58 last week and fell sharply. Initial bias remains on the downside this week. Sustained break of 55 D EMA (now at 163.94) will extend the fall from 171.58 to 61.8% retracement of 153.15 to 171.58 at 160.19. On the upside, above 167.37 will turn bias neutral. In the […]
20/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2666; (P) 1.2688; (R1) 1.2727; More… GBP/USD is staying in range above 1.2595 support and intraday bias remains neutral. On the downside, firm break of 1.2595 will resume the decline from 1.2826 to 1.2499 support. Nevertheless, strong rebound from current level will retain near term bullishness. Decisive break of 1.2826 will resume […]