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Daily Pivots: (S1) 150.66; (P) 150.93; (R1) 151.36; More… USD/JPY accelerates to as high as 153.18 so far and intraday bias stays on the upside. Decisive break of 61.8% retracement of 161.94 to 139.57 at 153.39 will pave the way to retest 161.94 high. On the downside, below 151.18 minor support will turn intraday bias […]

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25/10/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8646; (P) 0.8662; (R1) 0.8674; More… Intraday bias in USD/CHF is turned neutral as a temporary top is formed at 0.8685, ahead of 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Considering bearish divergence condition in 4H MACD, firm break of 0.8629 support will indicate short term topping, and turn bias back […]
22/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 179.55; (P) 180.56; (R1) 181.32; More… Intraday bias in GBP/JPY remains neutral as range trading continues. Further decline is expected as long as 184.15 resistance holds. On the downside, break of will resume the decline from 188.63 and target 38.2% retracement of 148.93 to 188.63 at 173.46. However, decisive break of 184.15 […]
01/11/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 151.39; (P) 152.49; (R1) 153.14; More… USD/JPY is still extending the consolidation pattern from 153.87 and intraday bias remains neutral. Deeper retreat cannot be ruled out but further rally is expected as long as 55 D EMA (now at 148.95) holds. Sustained trading above 61.8% retracement of 161.94 to 139.57 at 153.39 […]