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Daily Pivots: (S1) 167.83; (P) 168.37; (R1) 169.41; More… Intraday bias in EUR/JPY remains neutral at this point. On the upside, break of 169.38 will resume the rebound from 162.26. As the second leg of the corrective pattern from 171.58, this rise should target 171.58 next. On the downside, break of 166.73 support will argue […]

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06/06/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 198.08; (P) 198.92; (R1) 200.48; More…. Intraday bias in GBP/JPY remains neutral for the moment. Current development suggests that rise from 191.34 has completed at 200.72 after rejection by 200.53. On the downside, break of 197.18 will resume the fall to 155.02. Further break of 195.02 will target 191.34 support next. In […]
27/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3628; (P) 1.3684; (R1) 1.3721; More… Intraday bias in USD/CAD remains neutral this week first. On the upside, break of 1.3742 will affirm the case that correction from 1.3845 has completed at 1.3589. Further rally would then be seen to retest 1.3845 high. However, sustained trading below 55 D EMA (now at […]
17/06/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8876; (P) 0.8921; (R1) 0.8946; More…. USD/CHF is still bounded in range above 0.8880 and intraday bias stays neutral. On the downside, sustained break of 0.8883 fibonacci level will carry larger bearish implications and bring deeper decline. On the upside, firm break of 0.8987 support turned resistance will argue that correction from […]