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USD/JPY’s rebound from 140.25 resumed last week and edged higher to 146.40. But subsequent retreat indicates temporary topping. Initial bias is neutral this week first. Further rise is mildly in favor as long as 143.41 minor support holds. Above 146.40 will target 61.8% retracement of 151.89 to 140.25 at 147.44. Upside should be limited there […]

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25/06/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8919; (P) 0.8932; (R1) 0.8943; More…. USD/CHF is still bounded in consolidation from 0.8825 and intraday bias stays neutral at this point. Near term outlook remains bearish with 0.8992 resistance intact. Break of 0.8825 will resume the fall from 0.9223 to 61.8% retracement of 0.8332 to 0.9223 at 0.8672. In the bigger […]
16/09/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6467; (P) 1.6516; (R1) 1.6570; More… Intraday bias in EUR/AUD remains neutral for the moment. For now, the favored case remains that corrective fall from 1.7180 has completed at 1.6256 already. On the upside, above 1.6629 will resume the rebound for retesting 1.7180 high. However, firm break of 1.6457 minor support will […]
15/03/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8795; (P) 0.8819; (R1) 0.8862; More…. Current strong rebound in USD/CHF argues that consolidation pattern from 0.8884 has completed with three waves to 0.8728. Intraday bias is mildly on the upside for 0.8891 resistance first. Firm break there will resume whole rise from 0.8332. Next target is 61.8% projection of 0.8550 to […]