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EUR/JPY’s rebound from 154.40 extended to 163.86 last week before forming a temporary top there. Initial bias is turned neutral this week for some consolidations. On the upside, break of 163.86 will target 61.8% retracement of 175.41 to 154.40 at 167.38, as the second leg of the corrective pattern from 175.41. On the downside, below […]

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AUD/USD Weekly Report

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EUR/USD Weekly Outlook

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17/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3567; (P) 1.3587; (R1) 1.3607; More… Intraday bias in USD/CAD remains neutral as sideway trading continues. On the downside, below 1.3545 minor support will suggest that recovery from 1.3439 has completed, turn bias to the downside for retesting this low. Nevertheless, decisive break of 38.2% retracement of 1.3946 to 1.3439 at 1.3633 […]
04/12/2023

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2645; (P) 1.2680; (R1) 1.2747; More… GBP/USD is still bounded in consolidation from 1.2731 and intraday bias stays neutral. But further rally is expected as long as 1.2590 minor support holds. On the upside, decisive break of 1.2731 will resume the rally from 1.2036 for retesting 1.3141 high next. In the bigger […]
12/08/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 145.96; (P) 146.89; (R1) 147.49; More… USD/JPY’s rebound from 141.67 extends higher today but stays below 38.2% retracement of 161.94 to 141.67 at 149.41. Intraday bias stays neutral and outlook remains bearish. Below 145.42 minor support will turn bias to the downside for 141.67. Break there will resume the fall from 161.94 […]