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Daily Pivots: (S1) 158.25; (P) 158.59; (R1) 159.28; More… Intraday bias in USD/JPY remains on the upside for the moment. Rise from 151.86 is in progress for 160.20 high, or possibly to 100% projection of 151.86 to 157.70 from 154.53 at 160.37. But upside should be limited there, at least on first attempt. On the […]

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EUR/USD Daily Outlook

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GBP/JPY Weekly Outlook

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02/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 155.24; (P) 156.10; (R1) 156.55; More… Range trading continues in EUR/JPY and intraday bias stays neutral. On the upside, above 158.55 will resume the corrective rebound from 153.15. On the downside, break of 153.15 will resume whole fall from 164.39 to 61.8% retracement of 139.05 to 164.29 at 148.69. In the bigger […]
20/12/2023

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9432; (P) 0.9461; (R1) 0.9483; More… Intraday bias in EUR/CHF remains neutral as consolidation from 0.9402 could extend further. But still, deeper decline is expected with 0.9543 resistance intact. On the downside, firm break of 0.9407 will confirm larger down trend resumption. Next target is 61.8% projection of 0.9995 to 0.9416 from […]
15/06/2024

GBP/USD Weekly Outlook

GBP/USD edged higher to 1.2859 last week, but subsequent decline argues that rise from 1.2298 has completed already, on bearish divergence condition in 4H MACD. Initial bias remains on the downside this week for 1.2633 resistance turned support first. Firm break there will target 1.2445 and below. For now, risk will be on the downside […]