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Daily Pivots: (S1) 147.09; (P) 148.21; (R1) 149.11; More… No change in USD/JPY’s outlook and intraday bias stays on the downside. Fall from 158.86, as the third leg of the corrective pattern from 161.94 high, is in progress for 61.8% retracement of 139.57 to 158.86 at 146.32. Sustained break there will pave the way back […]

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07/10/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.72; (P) 162.55; (R1) 164.07; More…. Intraday bias in EUR/JPY stays neutral at this point. On the upside, break of 163.47 resistance will resume the rebound from 154.40 to 61.8% retracement of 175.41 to 154.40 at 167.38. On the downside, break of 158.09 will bring deeper fall back to 154.40/155.14 support zone […]
06/04/2024

USD/CHF Weekly Outlook

USD/CHF edged higher to 0.9094 last week but retreated again. Initial bias remains neutral this week for consolidations. Deeper decline cannot be ruled out, but outlook will stay bullish as long as 0.8884 resistance turned support holds. On the upside, break of 0.9094 will resume larger rise from 0.8332 to 0.9243 key resistance. In the […]
11/01/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6297; (P) 1.6331; (R1) 1.6382; More… Intraday bias in EUR/AUD remains neutral and risk stays on the upside as long as 1.6127 support holds. Above 1.6398 will resume the rebound to 1.6478 resistance. Firm break there will argue that whole correction from 1.7062 has completed, and target 1.6844 resistance for confirmation. Nevertheless, […]