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Daily Pivots: (S1) 147.20; (P) 147.55; (R1) 148.02; More… Intraday bias in USD/JPY remains neutral as consolidation from 148.79 is extending. With 145.97 resistance turned support intact, further rally is in favor. As noted before, corrective fall from 151.89 should have completed at 140.25 already. Break of 148.79 will resume the rise from there for […]

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17/08/2024

USD/JPY Weekly Outlook

USD/JPY’s rebound from 141.67 extended higher last week but failed to break through 38.2% retracement of 161.94 to 141.67 at 149.41 and retreated. Initial bias remains neutral this week first. On the downside, break of 146.06 minor support will suggest rejection by 149.91, and turn intraday bias back to the downside for retesting 141.67 low. […]
03/04/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6492; (P) 0.6508; (R1) 0.6534; More…. Intraday bias in AUD/USD is turned neutral again with current recovery. For now, risk will stay on the downside as long as 0.6538 minor resistance holds. Below 0.6480 will target 0.6442 support. Firm break there will resume whole decline from 0.6870 and target 61.8% projection of […]
04/12/2023

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3463; (P) 1.3521; (R1) 1.3555; More… Intraday bias in USD/CAD is turned neutral first with current recovery, and some consolidations could be seen above 1.3479 temporary low. Still, further decline is expected as long as 1.3625 resistance holds. Below 1.3479 will resume the fall from 1.3897 to 1.3378 support next, which is […]