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Daily Pivots: (S1) 147.65; (P) 148.39; (R1) 148.93; More… Intraday bias in USD/JPY is turned neutral first with current retreat. But further rally is expected as long as 141.63 support holds. Rise from 139.57 is seen as the second leg of the corrective pattern from 161.94. Break of 149.35 resistance will target 61.8% retracement of […]

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05/08/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 186.37; (P) 188.64; (R1) 189.89; More… In the bigger picture, fall from 208.09 medium term top is seen as correcting the up trend from 148.93 (2022 low). 38.2% retracement of 148.93 to 208.09 at 185.49 is already met. Decisive break there will argue that even larger scale correction is already underway. For […]
23/12/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8898; (P) 0.8946; (R1) 0.8979; More… USD/CHF bounces after drawing support from 55 4H EMA, but stays below 0.9020 temporary top. Intraday bias remains neutral at this point. While deeper pull back might be seen, downside should be contained above 0.8735 support to bring another rally. Above 0.9020 will resume the rise […]
13/11/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8294; (P) 0.8315; (R1) 0.8354; More… Intraday bias in EUR/GBP is turned neutral again with break of 0.8324 minor resistance. Some consolidations could be seen but further decline is expected as long as 0.8446 resistance holds. Break of 0.8259 will resume larger down trend to 0.8201 key support. In the bigger picture, […]