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Daily Pivots: (S1) 0.6682; (P) 0.6698; (R1) 0.6715; More… Intraday bias in AUD/USD remains neutral and outlook is unchanged. On the downside, break of 0.6639 will resume the fall from 0.6870 short term top to 0.6541 support next. On the upside, though, break of 0.6759 minor resistance will suggest that the pull back has completed […]

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21/07/2024

USD/JPY Weekly Outlook

USD/JPY’s correction from 161.94 extended to 155.36 last week but recovered since then. Initial bias remains neutral this week and further fall is expected with 158.85 resistance intact. Below 155.36 will target 38.2% retracement of 140.25 to 161.94 at 153.65. On the upside, above 158.85 resistance will turn bias back to the upside for stronger […]
10/01/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9290; (P) 0.9306; (R1) 0.9332; More… Intraday bias in EUR/CHF stays neutral as consolidation from 0.9252 is still extending. While another recovery cannot be ruled out, outlook will stay bearish as long as 0.9402 support turned resistance holds. On the downside, break of 0.9252 will resume larger down trend to 100% projection […]
24/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 169.26; (P) 169.79; (R1)170.29; More… No change in EUR/JPY’s outlook. Further rise is mildly in favor despite loss of upside momentum. Rise from 164.01, as the second leg of the corrective pattern from 171.58, would target 61.8% projection of 164.01 to 169.38 from 167.31 at 170.62. On the downside, break of 169.05 […]