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EUR/USD’s fall from 1.1213 extended to as low as 1.0899 last week, but lost momentum after hitting 38.2% retracement of 1.0447 to 1.1213 at 1.0920. Initial bias is turned neutral this week for some consolidations first. Further decline is expected as long as 1.1036 resistance holds. Sustained trading below 1.0920 will argue that fall from […]

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EUR/JPY Weekly Outlook

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25/03/2024

GBP/JPY Weekly Outlook

GBP/JPY’s up trend resumed last week and surged to 193.51, but retreated notably since then. Initial bias remains neutral this week for more corrective trading. Nevertheless, outlook will stay bullish as long as 187.94 support holds. On the upside, break of 193.51 will resume larger up trend to 61.8% projection of 178.32 to 191.29 from […]
29/07/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8812; (P) 0.8828; (R1) 0.8853; More… No change in USD/CHF’s outlook and intraday bias stays neutral for consolidations above 0.8776 temporary low. Further decline is expected as long as 0.8923 resistance holds. On the downside, break of 0.8776 will resume the fall from 0.9223 to 61.8% retracement of 0.8332 to 0.9223 at […]
26/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3439; (P) 1.3466; (R1) 1.3511; More… A temporary low is formed at 1.3418 with current recovery, and intraday bias in USD/CAD is turned neutral first. Some consolidations would be seen first, but outlook will stay bearish as long as 1.3646 resistance holds. Below 1.3418 will resume the decline from 1.3946 to 61.8% […]