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Daily Pivots: (S1) 160.12; (P) 160.89; (R1) 161.93; More…. EUR/JPY’s rally resumed after brief consolidations and intraday bias is back on the upside. Rise from 155.14, as the third leg of the corrective pattern from 154.40, should target 163.86 resistance. Break there will target 61.8% retracement of 175.41 to 154.40 at 167.38. On the downside, […]

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31/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8500; (P) 0.8509; (R1) 0.8516; More… Intraday bias in EUR/GBP remains neutral at this point. Further decline is expected as long as 0.8531 minor resistance holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next. On the upside, break of 0.8531 will turn bias back to the […]
27/12/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 197.31; (P) 197.66; (R1) 198.30; More… GBP/JPY is staying in range below 198.93 and intraday bias stays neutral. As noted before, corrective pattern from 180.00 is extending with another rising leg. Further rise is expected as long as 194.04 support holds. On the upside, above 1999.79 will will target channel resistance (now […]
12/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 144.81; (P) 145.61; (R1) 146.08; More… Intraday bias in USD/JPY remains neutral at this point. On the upside above 146.40 will resume the rebound from 140.25 to 61.8% retracement of 151.89 to 140.25 at 147.44. Upside should be limited there to bring reversal. On the downside, break of 143.41 will turn bias […]