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Daily Pivots: (S1) 169.18; (P) 169.56; (R1) 169.90; More… Further rally remains in favor in EUR/JPY despite loss of upside momentum. Rise form 164.01, as the second leg of the corrective pattern from 171.58, would target 61.8% projection of 164.01 to 169.38 from 167.31 at 170.62. On the downside, break of 167.31 support should turn […]

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EUR/AUD Daily Outlook

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15/05/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 155.74; (P) 156.00; (R1) 156.47; More… No change in USD/JPY’s outlook and intraday bias stays mildly on the upside. Rebound from 151.86, as the second leg of the corrective pattern from 160.20, is in progress for 157.98 resistance. On the downside, break of 155.25 minor support will suggest that the third leg […]
31/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2653; (P) 1.2687; (R1) 1.2734; More… Intraday bias in GBP/USD remains neutral at this point, as sideway trading continues. Another fall cannot be ruled out, but downside should be contained above 1.2499 support to bring rebound. On the upside, firm break of 1.2784 resistance will suggest that consolidation pattern has completed. Further […]
28/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 180.98; (P) 181.58; (R1) 182.14; More… GBP/JPY is still bounded in sideway trading and intraday bias remains neutral at this point. Further decline is expected as long as 184.15 resistance holds. On the downside, break of will resume the decline from 188.63 and target 38.2% retracement of 148.93 to 188.63 at 173.46. […]