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Daily Pivots: (S1) 0.9382; (P) 0.9416; (R1) 0.9452; More…. Intraday bias in EUR/CHF remains neutral and outlook is unchanged. On the upside, above 0.9506 will resume the rebound from 0.9305 to 0.9579 resistance. However, break of 0.9305 will resume the fall for 0.9579 to retest 0.9209 low. In the bigger picture, medium term corrective pattern […]

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07/02/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 147.58; (P) 148.19; (R1) 148.55; More… Range trading continues in USD/JPY and intraday bias remains neutral. Focus remains on 148.79 resistance. Firm break there will resume the rally from 140.25 to 151.89/93 key resistance zone. For now, further rise will remain in favor as long as 145.88 holds, in case of retreat. […]
09/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 143.63; (P) 144.27; (R1) 144.89; More… Range trading continues in USD/JPY and intraday bias stays neutral. On the upside, above 145.97 will resume the rebound from 140.25. But upside should be limited by 61.8% retracement of 151.89 to 140.25 at 147.44. On the downside, below 143.17 minor support will turn bias back […]
06/11/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2979; (P) 1.3011; (R1) 1.3074; More… GBP/USD is still holding above 1.2842 support and intraday bias remains neutral. Further decline is expected as long as 1.3047 resistance holds. Below 1.2842 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bullish convergence condition in 4H […]