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USD/CAD’s strong rally last week suggests that consolidative pattern from 1.3845 has completed with three waves to 1.3588, after being supported by 38.2% retracement of 1.3716 to 1.3845 at 1.3589 Initial bias stays on the upside this week for 1.3790 resistance first. Firm break there will likely resume whole rally from 1.3176 to 61.8% projection […]

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EUR/USD Weekly Outlook

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11/09/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 141.86; (P) 142.79; (R1) 143.37; More… USD’s fall from 161.94 resumed by breaking through 141.76 temporary low. Intraday bias is back on the downside for 140.25 support, and possibly further to 139.26 fibonacci level too. On the upside, above 143.70 minor resistance will turn intraday bias neutral first. But outlook will stay […]
09/12/2023

GBP/JPY Weekly Outlook

GBP/JPY’s fall from 188.63 accelerated to as low as 178.58 last week, but recovered after breaching 23.6% retracement of 148.93 to 188.63 at 179.26 briefly. Initial bias is turned neutral this week for consolidations first. Upside of recovery should be limited below 184.44 support turned resistance to bring another decline. Break of 178.58 will target […]
29/11/2023

EUR/GBP Mid-Day Outlook

Daily Pivots: (S1) 0.8659; (P) 0.8674; (R1) 0.8689; More…. Intraday bias in EUR/GBP remains on the downside for 0.8648 support. Decisive break there will argue that whole rise from 0.8491 has completed and turn near term outlook bearish. Nevertheless, break of 0.8706 minor resistance will retain near term bullishness and bring retest of 0.8764 instead. […]