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Daily Pivots: (S1) 160.36; (P) 160.82; (R1) 161.37; More… Intraday bias in USD/JPY is back on the upside with break of 161.27 temporary top. Current up trend should target 61.8% projection of 146.47 to 160.20 from 154.53 at 163.01. On the downside, below 160.25 minor support will turn intraday bias neutral and bring consolidations again, […]

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25/05/2024

GBP/USD Weekly Outlook

GBP/USD turned sideway after rising to 1.2760 last week. Intraday bias remains neutral this week for some consolidations, but further rally is in favor. Above 1.2760 will resume the rally from 1.2298 to 1.2892 resistance next. On the downside, below 1.2670 will turn bias to the downside for deeper pull back. In the bigger picture, […]
22/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 169.18; (P) 169.56; (R1) 169.90; More… Further rally remains in favor in EUR/JPY despite loss of upside momentum. Rise form 164.01, as the second leg of the corrective pattern from 171.58, would target 61.8% projection of 164.01 to 169.38 from 167.31 at 170.62. On the downside, break of 167.31 support should turn […]
03/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3601; (P) 1.3645; (R1) 1.3672; More…. Range trading continues in USD/CAD and intraday bias remains neutral. On the upside, break of 1.3742 resistance will revive the case that correction from 1.3845 has completed at 1.3589. Intraday bias will be back on the upside for retesting 1.3845. On the downside, firm break of […]