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Daily Pivots: (S1) 164.00; (P) 164.35; (R1) 164.75; More… Intraday bias in EUR/JPY remains neutral as consolidation from 165.33 is extending. But outlook stays bullish as long as 162.59 support holds. On the upside, firm break of 165.33 will resume larger up trend towards 169.96 key resistance next. On the downside, though, break of 162.59 […]

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06/12/2023

EUR/JPY Daily Outlook

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 […]
10/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8446; (P) 0.8453; (R1) 0.8464; More… Intraday bias in EUR/GBP remains neutral and outlook is unchanged. On the upside, sustained trading above 55 D EMA (now at 0.8495) will extend the rise from 0.8396 short term bottom to 0.8529 support turned resistance. Nevertheless, On the downside, break of 0.8493 support will suggest […]
13/04/2024

EUR/JPY Weekly Outlook

EUR/JPY failed to break through 165.33 last week and retreated sharply since then. Despite brief breach of 162.59 support, it recovered quickly. Initial bias remains neutral this week first. On the upside, firm break of 165.33 will resume larger up trend towards 169.96 key resistance next. However, decisive break of 162.59 will argue that it’s […]