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Daily Pivots: (S1) 143.82; (P) 144.87; (R1) 146.01; More… Intraday bias in USD/JPY remains neutral for the moment. Overall near term outlook will stay bearish as long as 38.2% retracement of 158.86 to 139.87 at 147.12 holds. Break of 141.96 will argue that the rebound has completed as a corrective move. Retest of 139.87 should […]

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GBP/USD Daily Outlook

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17/08/2024

GBP/JPY Weekly Outlook

GBP/JPY’s rebound from 180.00 extended to 191.99 last week before forming a temporary top there. Initial bias this week is turned neutral for consolidations first. Above 191.99 will target 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from 208.09. On the downside, however, break of 187.84 minor […]
12/11/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 163.33; (P) 163.99; (R1) 164.50; More…. Intraday bias in EUR/JPY remains on the downside. Sustained trading below 55 D EMA (now at 163.34) will argue that whole corrective rise from 154.40 has completed with three waves up to 166.67. Deeper decline should then be seen back to 154.40/155.14 support zone. On the […]
28/02/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2665; (P) 1.2681; (R1) 1.2702; More… Intraday bias in GBP/USD stays neutral at this point and outlook is unchanged. On the upside, break of 1.2708 resistance will indicate that correction from 1.2826 has completed. Intraday bias will be back on the upside for retesting 1.2826. Nevertheless, decisive break of 1.2499 will argue […]