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EUR/CHF’s strong rally and decisive break of 0.9434 resistance last week confirmed resumption of the rebound from 0.9204. Initial bias stays on the upside this week for 100% projection of 0.9204 to 0.9343 from 0.9254 at 0.9393. Decisive break there could prompt upside acceleration through 0.9444 resistance to 161.8% projection at 0.9479. On the downside, […]

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13/01/2024

GBP/JPY Weekly Outlook

GBP/JPY’s strong break of 184.15 resistance last week indicates that corrective fall from 188.63 has completed at 178.32. But as a temporary top was formed at 186.14, initial bias is neutral this week first. Further rally is in favor as long as 182.73 minor support holds. Break of 186.14 will target 188.63 high next. In […]
23/07/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 156.37; (P) 156.99; (R1) 157.69; More… No change in USD/JPY’s outlook as range trading continues. Intraday bias stays neutral and further decline is expected with 158.85 resistance intact. Below 155.36 will target 38.2% retracement of 140.25 to 161.94 at 153.65. On the upside, above 158.85 resistance will turn bias back to the […]
06/06/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6627; (P) 0.6646; (R1) 0.6666; More…. Range trading continues in AUD/USD and intraday bias remains neutral at this point. As long as 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) holds, further rally remains in favor. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 […]