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Daily Pivots: (S1) 159.49; (P) 159.92; (R1) 160.36; More…. EUR/JPY’s fall from 166.67 is in progress today and intraday bias stays on the downside. As noted before, corrective rebound from 154.40 could have completed with three waves up to 166.67. Deeper decline would be seen to 155.14 support next. On the upside, above 160.32 minor […]

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09/12/2023

GBP/JPY Weekly Outlook

GBP/JPY’s fall from 188.63 accelerated to as low as 178.58 last week, but recovered after breaching 23.6% retracement of 148.93 to 188.63 at 179.26 briefly. Initial bias is turned neutral this week for consolidations first. Upside of recovery should be limited below 184.44 support turned resistance to bring another decline. Break of 178.58 will target […]
08/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 157.87; (P) 158.43; (R1) 158.82; More… Intraday bias in EUR/JPY is turned neutral first with current retreat. But rise will stay on the upside as long as 155.06 support holds. On the upside, above 158.97 will resume the rebound from 153.15 to 100% projection of 153.15 to 158.55 from 155.06 at 160.46. […]
20/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3614; (P) 1.3650; (R1) 1.3670; More… Intraday bias in USD/CAD remains on the downside as fall from 1.3946 is extending towards 1.3588 structural support. Strong support could be seen from there to bring reversal. However, for now, risk will stay on the downside as long as 1.3737 resistance holds, in case of […]