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Daily Pivots: (S1) 160.54; (P) 161.08; (R1) 161.88; More… Intraday bias in EUR/JPY stays neutral at this point. On the downside, below 160.20 will resume the fall from 163.70 to 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/GBP Daily Outlook

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22/02/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 149.96; (P) 150.18; (R1) 150.50; More… Intraday bias in USD/JPY remains neutral as consolidation from 150.87 is extending. In case of another retreat, downside should be contained by 148.79 resistance turned support to bring another rally. Above 150.87 will resume the rise from 140.25 to 151.89/93 key resistance zone. Decisive break there […]
28/08/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6440; (P) 1.6473; (R1) 1.6499; More… Intraday bias in EUR/AUD is back on the downside as fall from 1.7180 resumes today. Sustained trading below 55 D EMA (now at 1.6435) will argue that rise from 1.5996 has completed at 1.7180. Deeper fall would then be seen back to this support. ON the […]
09/12/2023

EUR/GBP Weekly Outlook

EUR/GBP’s edged lower to 0.8552 last week turned sideway since then. Initial bias remains neutral this week for consolidations first. Upside of recovery should be limited below 0.8648 support turned resistance to bring another decline. Below 0.8552 will target 0.8491 low first. Firm break there will resume larger down trend. In the bigger picture, current […]