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Daily Pivots: (S1) 158.41; (P) 159.07; (R1) 159.55; More.. Intraday bias in EUR/JPY remains on the downside at this point. Current fall from 164.29 should target 154.32 cluster support (38.2% retracement of 139.05 to 164.29 at 154.64). On the upside, above 159.70 minor resistance will turn intraday bias neutral and bring consolidations first, before staging […]

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EUR/GBP Daily Outlook

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14/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 195.21; (P) 195.75; (R1) 196.74; More… Intraday bias in GBP/JPY stays on the upside at this point. Rebound from 191.34 is seen as the second leg of the corrective pattern from 200.53, and could target 197.40 resistance. On the downside, break of 194.74 minor support will turn intraday bias neutral first. In […]
22/03/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 191.35; (P) 192.43; (R1) 193.02; More….. Intraday bias in GBP/JPY is turned neutral with current retreat and some consolidations would be seen. Nevertheless, outlook will stay bullish as long as 187.94 support holds. On the upside, break of 193.51 will resume larger up trend to 61.8% projection of 178.32 to 191.29 from […]
08/12/2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 141.43; (P) 144.38; (R1) 147.10; More… USD/JPY recovered after breaching 142.45 fibonacci level, but there is no clear sign of bottoming yet. Intraday bias stays on the downside, sustained trading below 142.45 will pave the way to next fibonacci level at 136.63. On the upside, break of 144.53 minor resistance will turn […]