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USD/JPY’s rise from 140.25 extended to as high as 148.79 last week, then retreated mildly. Initial bias remains neutral this week for some consolidations first. Current development argues that whole pull back from 151.89 has already completed. Further rise is in favor as long as 145.97 resistance turned support holds. Above 148.79 will target 151.89/93 […]

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28/03/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.59; (P) 191.07; (R1) 191.62; More….. Intraday bias in GBP/JPY remains neutral as consolidation continues below 193.51. Outlook will stay bullish as long as 187.94 support holds. On the upside, break of 193.51 will resume larger up trend to 61.8% projection of 178.32 to 191.29 from 187.94 at 195.95, which is close […]
17/12/2023

EUR/USD Weekly Outlook

EUR/USD rose to 1.1008 last week but failed to break through 1.1016 resistance and retreated. Initial bias remains neutral this week first. Further rally is expected as long as 1.0722 support holds. Break of 1.1016 will resume the whole rise from 1.0447 to retest 1.1274 high. In the bigger picture, price actions from 1.1274 are […]
31/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8500; (P) 0.8509; (R1) 0.8516; More… Intraday bias in EUR/GBP remains neutral at this point. Further decline is expected as long as 0.8531 minor resistance holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next. On the upside, break of 0.8531 will turn bias back to the […]