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Daily Pivots: (S1) 163.54; (P) 163.88; (R1) 164.43; More… EUR/JPY is staying in consolidation from 165.33 and intraday bias remains neutral. Downside of current retreat should be contained by 55 4H EMA (now at 163.41) to bring rebound. On the upside, break of 165.33 will resume larger up trend to 61.8% projection of 153.15 to […]

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17/08/2024

GBP/JPY Weekly Outlook

GBP/JPY’s rebound from 180.00 extended to 191.99 last week before forming a temporary top there. Initial bias this week is turned neutral for consolidations first. Above 191.99 will target 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from 208.09. On the downside, however, break of 187.84 minor […]
25/06/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8919; (P) 0.8932; (R1) 0.8943; More…. No change in USD/CHF’s outlook as consolidation continues above 0.8825. Intraday bias stays neutral for the moment. Near term outlook remains bearish with 0.8992 resistance intact. Break of 0.8825 will resume the fall from 0.9223 to 61.8% retracement of 0.8332 to 0.9223 at 0.8672. In the […]
22/03/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6468; (P) 1.6539; (R1) 1.6599; More… Intraday bias in EUR/AUD remains neutral as range trading continues. Near term outlook will stay cautiously bullish as long as 1.6439 support holds. On the upside, above 1.6677 will target 1.6742 first. Decisive break there will resume whole rise from 1.6127 and target 1.6844 resistance next. […]