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AUD/USD’s rebound from 0.6269 continued last week, and late breach of 0.6674 temporary top suggests that it’s resuming after brief retreat. Initial bias is back on the upside this week. Sustained break break of channel resistance (now at 0.6661) will argue that whole decline from 0.7156 has completed with three waves down to 0.6269. Further […]

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19/10/2024

EUR/JPY Weekly Outlook

EUR/JPY edged higher last week but failed to break through 163.86 resistance. Initial bias remains neutral this week first. On the upside, firm break of 163.86 resistance will resume the rebound from 154.40 to 61.8% retracement of 175.41 to 154.40 at 167.38. On the downside, break of 161.00 minor support will turn bias back to […]
15/01/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3362; (P) 1.3387; (R1) 1.3431; More… Intraday bias in USD/CAD stays neutral first. But further rise is mildly in favor as long as 1.3339 minor support holds. Decisive break of 38.2% retracement of 1.3897 to 1.3176 at 1.3451 will pave the way to 61.8% retracement at 1.3622. On the downside, however, break […]
22/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 198.20; (P) 198.56; (R1) 198.84; More… GBP/JPY’s rally continues today and intraday bias stays on the upside. Current rise from 191.34, as the second leg of the corrective pattern from 200.53, should target 100% projection of 191.34 to 180.07 from 195.02 at 200.75. But upside should be limited there. On the downside, […]