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EUR/JPY’s fall from 163.70 extended lower to 160.54 last week but turned sideway since then. Initial bias remains neutral this week first. On the downside, break of 160.54 will target 38.2% retracement of 153.15 to 163.70 at 159.66. Sustained break there will indicate that fall from 163.70 is reversing whole rise from 153.13, and target […]

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EUR/USD Weekly Outlook

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17/09/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 184.38; (P) 185.21; (R1) 186.64; More… Intraday bias in GBP/JPY remains neutral and outlook will stay cautiously bearish as long as 18.08 resistance holds. Below 183.70 will resume the fall from 193.45 to retest 180.00 low. Firm break there will extend whole decline from 208.09 to 175.94 fibonacci level. In the bigger […]
04/04/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9005; (P) 0.9050; (R1) 0.9074; More…. Intraday bias in USD/CHF remains neutral for consolidation below 0.9094. On the downside, break of 55 4H EMA (now at 0.9018) will bring deeper pullback. But downside should be contained by 0.8884 resistance turned support to bring rebound. On the upside, break of 0.9094 will resume […]
17/09/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 139.82; (P) 140.37; (R1) 141.17; More… Intraday bias in USD/JPY remains neutral at this point. Considering bullish convergence condition in 4H MACD, break of 143.03 resistance will indicate short term bottoming and turn bias back to the upside for rebound towards 147.20. However, decisive break of 139.26 fibonacci level would carry larger […]