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GBP/JPY stayed in range below 195.95 last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside break of 195.95 will resume whole rise from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35 next. On the downside, break of 189.54 will turn bias back to the downside for […]

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EUR/JPY Weekly Outlook

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02/12/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6485; (P) 0.6506; (R1) 0.6533; More… Range trading continues in AUD/USD and outlook is unchanged. Intraday bias remains neutral first and with 0.6549 resistance intact, further decline is expected. On the downside, break of 0.6433 will resume whole decline from 0.6941, and target 0.6348 support next. However, firm break of 0.6549 will […]
22/12/2024

USD/CHF Weekly Outlook

USD/CHF’s rally from 0.8374 resumed last week but retreated after hitting 0.9020. Initial bias stays neutral this week for consolidations first. Downside should be contained above 0.8735 support to bring another rally. Above 0.9020 will target 61.8% projection of 0.8374 to 0.8956 from 0.8735 at 0.9095. In the bigger picture, price actions from 0.8332 (2023 […]
26/08/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.94; (P) 161.83; (R1) 162.44; More…. Intraday bias in EUR/JPY remains neutral as range trading continues below 163.86. 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, however, firm break of 159.80 […]