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USD/JPY’s rebound from 139.57 extended to as high as 153.18 last week but formed a temporary top there and retreat. Initial bias remains neutral this week for consolidations first. Further rally is in favor as long as 151.18 minor support holds. Sustained trading above 61.8% retracement of 161.94 to 139.57 at 153.39 will pave the […]

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29/08/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 143.84; (P) 144.44; (R1) 145.19; More… Intraday bias in USD/JPY is turned neutral as recovery from 143.43 extends. With 146.47 minor resistance intact, further decline is in favor. Break of 143.43 will bring retest of 141.67 low. Firm break there will resume the whole fall from 161.94 to 140.25 support next. On […]
07/01/2024

USD/CAD Weekly Outlook

USD/CAD’s strong rebound suggests short term bottoming at 1.3176, on bullish convergence condition in 4H MACD. Despite some loss of upside momentum, further rally is in favor this week as long as 1.3286 minor support holds, to 38.2% retracement of 1.3897 to 1.3176 at 1.3451. Firm break there will pave the way to 61.8% retracement […]
10/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2678; (P) 1.2722; (R1) 1.2753; More… GBP/USD is staying in sideway trading below 1.2826 and intraday bias remains neutral at this point. On the upside, decisive break of 1.2826 high will resume whole rally from 1.2036. Nevertheless, break of 1.2611 will bring deeper correction to 1.2499 support instead. In the bigger picture, […]