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GBP/JPY’s up trend resumed last week and accelerated to as high as 197.90. Initial bias remains on the upside this week. Next target is 198.89 projection level. On the downside, below 195.85 minor support will turn intraday bias neutral and bring consolidations. But pullback should be contained well above 193.51 resistance turned support to bring […]

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01/06/2024

EUR/AUD Weekly Outlook

EUR/AUD stayed in consolidation above 1.6211 short term bottom last week. Initial bias stays neutral this week and more sideway trading could be seen. On the downside, firm break of 1.6211 support will resume the whole decline from 1.6742, as the third leg of the correction from 1.7062. On the upside, above 1.6403 will resume […]
15/12/2023

AUD/USD Daily Report

Daily Pivots: (S1) 0.6659; (P) 0.6694; (R1) 0.6733; More… Intraday bias in AUD/USD remains on the upside for the moment. Current development suggests that whole fall from 0.7156 has completed with three waves down to 0.6269. Further rise should be seen to 0.6894 resistance next. Meanwhile, near term outlook will stay cautiously bullish as long […]
24/07/2024

EUR/JPY Mid-Day Outlook

Daily Pivots: (S1) 168.13; (P) 169.61; (R1) 170.38; More… EUR/JPY’s fall from 175.41 accelerates lower today and it’s now pressing 38.2% retracement of 153.15 to 175.41 at 166.90. Some support could be seen from this fibonacci level, and break of 169.19 minor resistance will turn intraday bias neutral first. However, decisive break of 166.90 will […]