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Daily Pivots: (S1) 187.07; (P) 187.78; (R1) 188.42; More… GBP/JPY is extending the consolidation pattern from 188.90 and intraday bias stays neutral. Further rally is expected as long as 186.14 resistance turned support holds. On the upside, break of 188.90, and sustained trading above 188.63 will confirm up trend resumption. Next target is 38.2% projection […]

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22/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9606; (P) 0.9662; (R1) 0.9758; More… Intraday bias in EUR/CHF remains neutral at this point. On the upside, firm break of 0.9721 resistance will argue that correction from 0.9847 has completed already, and turn intraday bias back to the upside for retesting 0.9847. However, break of 0.9563 will bring deeper fall to […]
13/09/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 141.35; (P) 142.20; (R1) 142.66; More… USD/JPY’s decline resumed by breaking through 140.70 and intraday bias is back on the downside. Further fall should be seen to 139.26 fibonacci level. Decisive break there would carry larger bearish implications. On the upside, above 143.03 minor resistance will turn intraday bias neutral again first. […]

USD/JPY Daily Outlook

Daily Pivots: (S1) 141.35; (P) 142.20; (R1) 142.66; More… USD/JPY is staying above 140.70 temporary low despite current dip, and intraday bias stays neutral first. Outlook remains bearish as long as 147.20 resistance holds. On the downside, break of 140.70 will resume the fall from 161.94 to 140.25 support, and possibly to 139.26 fibonacci level […]