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Daily Pivots: (S1) 195.97; (P) 197.20; (R1) 198.63; More… Intraday bias in GBP/JPY stays on the upside at this point. Sustained trading above 61.8% retracement of 208.09 to 180.00 at 197.35 will target 208.09 high. On the downside, break of 193.69 support is needed to indicate short term topping. Otherwise, further rally will remain in […]

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27/03/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 151.13; (P) 151.35; (R1) 151.64; More… Intraday bias in USD/JPY is turned neutral gain as it retreated after edging higher to 151.96. On the downside, break of 150.25 support should confirm short term topping, and turn bias back to the downside for 55 D EMA (now at 148.93). Nevertheless, sustained break of […]
31/08/2024

AUD/USD Weekly Report

AUD/USD edged higher to 0.6823 last week but lost momentum and retreated. Initial bias is turned neutral this week for consolidations. Break of 0.6283 will target 0.6870 resistance. Firm break there will target 100% projection of 0.6269 to 0.6870 from 0.6348 at 0.6949. However, break of 0.6696 support will indicate short term topping, on bearish […]
21/05/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9087; (P) 0.9098; (R1) 0.9118; More…. Intraday bias in USD/CHF is mildly on the upside with breach of 0.9101 resistance. Corrective fall from 0.9223 might have completed with three waves down to 0.8987 already. Further rally should be seen back to retest 0.9223. On the downside, though, break of 0.8987 will resume […]