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Daily Pivots: (S1) 203.83; (P) 205.09; (R1) 206.33; More… GBP/JPY’s correction from 208.09 short term top could extend lower. Below 203.82 will target 38.2% retracement of 191.34 to 208.09 at 201.69. Strong support is expected there to bring rebound, to set the range of consolidations below 208.09. However, sustained break of 201.69 will argue that […]

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29/12/2023

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9281; (P) 0.9323; (R1) 0.9389; More… Intraday bias in EUR/CHF remains on the downside for the moment. Current fall would target 100% projection of 0.9995 to 0.9416 from 0.9683 at 0.9104 next. On the upside, above 0.9347 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as long […]
13/06/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 155.84; (P) 156.61; (R1) 157.49; More… No change in USD/JPY’s outlook as range trading continues. Intraday bias remains neutral. On the downside, break of 154.53 will turn bias to the downside for 151.86 support and possibly below, as the third leg of the corrective pattern from 160.20. On the upside, break of […]
12/08/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 186.17; (P) 187.30; (R1) 188.12; More… Intraday bias in GBP/JPY remains neutral for the moment. While recovery from 180.00 might extend higher, outlook will stay bearish as long as 38.2% retracement of 208.09 to 180.00 at 190.73 holds. On the downside, below 184.46 minor support will turn intraday bias back to the […]