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No change in EUR/CHF as it remained bounded in converging range last week. Initial bias stays neutral this week first. On the downside, break of 0.9332 will resume the fall from 0.9579 towards 0.9209 low. On the upside, break of 0.9506 will turn intraday bias to the upside for 0.9579 resistance and above. In the […]

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12/12/2023

EUR/JPY Daily Outlook

Daily Pivots: (S1) 156.26; (P) 156.98; (R1) 158.04; More.. While EUR/JPY’s recovery from 153.15 could extend higher, upside should be limited below 158.36 minor resistance to bring another fall. On the downside, below 155.98 will turn bias to the downside for retesting 153.15. Break of 153.15 and sustained trading below 38.2% retracement of 139.05 to […]
15/03/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8526; (P) 0.8542; (R1) 0.8549; More… Intraday bias in EUR/GBP remains neutral for the moment. On the downside decisive break of 0.8491/7 support zone will confirm larger down trend resumption and target 0.8464 projection level first. Nevertheless, firm break of 0.8577 will turn bias back to the upside for stronger rebound. In […]
16/01/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 184.82; (P) 185.29; (R1) 185.98; More… GBP/JPY is staying in tight range despite today’s dip and intraday bias remains neutral. Further rally is in favor as long as 182.73 minor support holds. Corrective pull back from 188.63 should have completed. Above 186.14 will resume the rebound from 178.32 to retest 188.63. In […]