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Daily Pivots: (S1) 147.79; (P) 148.02; (R1) 148.42; More… Intraday bias in USD/JPY remains neutral with focus 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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19/12/2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0900; (P) 1.0916; (R1) 1.0939; More… No change in EUR/USD’s outlook as consolidation from 1.1008 is still extending. Intraday bias stays neutral at this point. Further rally is expected as long as 1.0722 support holds. On the upside, break of 1.1016 will resume the whole rise from 1.0447 to retest 1.1274 high. […]
07/12/2023

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3562; (P) 1.3581; (R1) 1.3613; More… Intraday bias in USD/CAD stays neutral and outlook is unchanged. On the downside, below 1.3479 will resume the corrective fall from 1.3897. But downside should be contained by 1.3378 support, which is close to 61.8% retracement of 1.3091 to 1.3897 at 1.3399, to bring rebound. On […]
29/01/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 147.65; (P) 147.93; (R1) 148.45; More… Intraday bias in USD/JPY remains neutral for the moment, as consolidation continues below 148.79. 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 […]