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Daily Pivots: (S1) 170.60; (P) 171.03; (R1) 171.76; More… Intraday bias in EUR/JPY is turned neutral with current retreat. Some consolidations could be seen first but further rally will remain in favor as long as 169.31 support hold, for 61.8% projection of 164.01 to 170.87 from 167.52 at 171.75. However, firm break of 169.31 will […]

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16/10/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8606; (P) 0.8623; (R1) 0.8638; More… Intraday bias in USD/CHF remains on the upside at this point. Rise from 0.8374 short term bottom should target 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will argue that fall from 0.9223 has completed after defending 0.8332 low. Further rally should be […]
26/01/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3450; (P) 1.3493; (R1) 1.3517; More… Intraday bias in USD/CAD remains neutral for the moment. Further rally is expected as long as 1.3414 minor support holds. Fall from 1.3897 should have completed at 1.3716. Break of 1.3540 will target 1.3617 cluster resistance (61.8% retracement of 1.3897 to 1.3176 at 1.3622). Decisive break […]
17/03/2024

GBP/USD Weekly Outlook

GBP/USD’s decline last week indicates short term topping at 1.2892. Initial bias remains mildly on the downside this week for 55 D EMA (now at 1.2673). Firm break there will bring deeper fall to 1.2517 structural support. For now, risk will stay mildly on the downside as long as 1.2822 minor resistance holds, in case […]