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USD/JPY’s consolidation pattern from 146.52 extended last week and outlook is unchanged. Initial bias stays neutral this week first. In case of stronger recovery, upside should be limited by 150.92 support turned resistance. On the downside, firm break of 148.17 support will bring retest of 146.52 first. Sustained trading below 61.8% retracement of 139.57 to […]

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26/10/2024

GBP/JPY Weekly Outlook

GBP/JPY’s rise from 180.00 resumed last week but formed a temporary top at 198.41. Initial bias remains neutral this week for consolidations first. Further rally is expected as long as 193.69 support holds. On the upside, sustained trading above 61.8% retracement of 208.09 to 180.00 at 197.35 will target 208.09 high next. In the bigger […]
19/02/2025

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6416; (P) 1.6468; (R1) 1.6498; More… Intraday bias in EUR/AUD stays neutral for the moment. On the upside, break of 1.6631 resistance will reaffirm the case that consolidation from 1.6800 has completed at 1.6391. Retest of 1.6800 high should be seen next and firm break there will resume the rally from 1.5963. […]
19/01/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 147.78; (P) 148.05; (R1) 148.44; More… USD/JPY’s rally resumed after brief retreat and intraday bias is back on the upside. Current rise from 140.25 should target a retest on 151.89/93 key resistance zone. On the downside, below 147.64 minor support will turn intraday bias neutral again and bring consolidations, before staging another […]