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Daily Pivots: (S1) 158.76; (P) 159.32; (R1) 159.66; More… No change in EUR/JPY’s outlook and intraday bias remains neutral. On the upside, decisive break of 160.25 resistance will indicate that rise from 153.15 is ready to resume, and turn bias back to the upside for 161.84 first. Nevertheless, break of 158.06 will now suggest that […]

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EUR/GBP Daily Outlook

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31/01/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 186.77; (P) 187.21; (R1) 187.91; More… Intraday bias in GBP/JPY stays neutral at this point, and consolidation from 188.90 could extend. Further rally is expected as long as 186.14 support holds. Break of 188.90, and sustained trading above 188.63, will confirm up trend resumption. Next target is 38.2% projection of 155.33 to […]
03/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 141.13; (P) 141.67; (R1) 142.54; More… USD/JPY’s break of 142.84 minor resistance indicates short term bottoming at 140.25, on bullish divergence condition in 4H MACD. Intraday bias is back on the upside for stronger rebound to 38.2% retracement of 151.89 to 140.25 at 144.69. On the downside, below 141.85 minor support will […]
14/06/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 199.62; (P) 200.47; (R1) 201.25; More… While upside moment isn’t too unconvincing, intraday bias in GBP/JPY stays on the upside for now. Current up trend should target Next target is 61.8% projection of 191.34 to 200.72 from 197.18 at 202.97. On the downside, below 199.67 minor support will turn intraday bias neutral […]