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Daily Pivots: (S1) 148.75; (P) 149.49; (R1) 150.34; More… USD/JPY recovered after brief dip to 148.64 and intraday bias is turned neutral first. Further decline is expected as long as 151.94 resistance holds. Current development suggests that whole rise from 139.57 could have finished at 156.74 already. Below 148.64 will target 61.8% retracement of 139.57 […]

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25/11/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 153.82; (P) 154.64; (R1) 155.36; More… Intraday bias in USD/JPY remains neutral as consolidations continue below 156.74. On the downside, break of 153.27 will bring deeper correction to 38.2% retracement of 139.57 to 156.74 at 150.18. Meanwhile, on the upside, firm break of 156.74 will resume the rally from 139.57 towards 161.95 […]
13/06/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9633; (P) 0.9654; (R1) 0.9690; More…. Intraday bias in EUR/CHF is turned neutral with current recovery. Some consolidations could be seen, but another fall is expected as long as 55 D EMA (now at 0.9747) holds. Below 0.9613 will target 0.9563 support. Decisive break there will argue that whole rise from 0.9252 […]
19/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2616; (P) 1.2656; (R1) 1.2715; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. On the downside, firm break of 1.2595 support will resume the decline from 1.2826 to 1.2499 support. Nevertheless, strong rebound from current level will retain near term bullishness. Decisive break of 1.2826 will resume whole rally […]