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Daily Pivots: (S1) 155.75; (P) 156.03; (R1) 156.56; More… No change in USD/JPY’s outlook and intraday bias stays neutral. Price actions from 160.20 are seen as a corrective pattern. On the upside, break of 156.78 will resume the rise from 151.86, as the second leg, to 100% projection of 151.86 to 156.78 from 153.59 at […]

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GBP/USD Mid-Day Outlook

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06/12/2023

EUR/JPY Daily Outlook

Daily Pivots: (S1) 158.41; (P) 159.07; (R1) 159.55; More.. Intraday bias in EUR/JPY remains on the downside at this point. Current fall from 164.29 should target 154.32 cluster support (38.2% retracement of 139.05 to 164.29 at 154.64). On the upside, above 159.70 minor resistance will turn intraday bias neutral and bring consolidations first, before staging […]
03/06/2024

EUR/CHF Weekly Outlook

Intraday bias in EUR/CHF stays neutral for consolidation above 0.9768 temporary low. As noted before, a medium term could be formed at 0.9928 on bearish divergence condition in D MACD. Risk will now stay mildly on the downside as long as 0.9928 resistance holds, in case of recovery. Break of 0.9768 and sustained trading below […]
02/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2481; (P) 1.2516; (R1) 1.2564; More… Range trading continues in GBP/USD and intraday bias remains neutral. On the upside, above 1.2568 will resume the rebound from 1.2298 to 55 D EMA (now at 1.2578). Sustained break there will argue that fall from 1.2892 has completed already, and bring further rise to this […]