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Daily Pivots: (S1) 145.85; (P) 146.48; (R1) 147.07; More… No change in USD/JPY’s outlook as focus remains on 148.79 resistance. Firm break there will resume the rally from 140.25 to 151.89/93 key resistance zone. For now, further rise will remain in favor as long as 145.88 holds, in case of retreat. In the bigger picture, […]

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06/06/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 155.01; (P) 155.75; (R1) 156.86; More…. Intraday bias in USD/JPY remains neutral at this point and outlook is unchanged. Risk will stay on the downside as long as 157.70 resistance holds. Fall from there is seen as the third leg of the corrective pattern from 160.20. On the downside, break of 154.53 […]
05/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 205.24; (P) 205.82; (R1) 206.36; More… Intraday bias in GBP/JPY is turned neutral with current retreat and some consolidations would be seen below 206.15. Further rise is expected as long as 200.72 resistance turned support holds. Firm break of 100% projection of 191.34 to 200.72 from 197.18 at 206.56 will target 138.2% […]
03/02/2024

EUR/CHF Weekly Outlook

EUR/CHF’s pull backed from 0.9471 continued last week but lost momentum and turned sideway after hitting 0.9304. Initial bias remains neutral this week first. While another decline cannot be ruled out, downside should be contained above 0.9252 low to bring rebound. On the upside, firm break of 0.9363 minor resistance will argue that the correction […]