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EUR/JPY engaged in sideway trading most of last week but late break of 168.01 support is inline with the case that rise from 164.01 has completed already. Initial bias is back on the downside this week. Sustained trading below 55 D EMA (now at 167.41) will extend the fall from 170.87, as the third leg […]

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EUR/USD Weekly Outlook

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09/10/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 193.27; (P) 193.83; (R1) 194.76; More… Intraday bias in GBP/JPY remains neutral for the moment. On the upside break of 195.95 will resume whole rise from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35 next. On the downside, break of 189.54 will turn bias back to the downside for 183.70 […]
16/01/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8591; (P) 0.8601; (R1) 0.8616; More… EUR/GBP is staying in tight range above 0.8585 and intraday bias remains neutral. Further decline is expected as long as 0.8638 minor resistance holds. On the downside, below 0.8585 will resume the fall from 0.8713 to 0.8548 support. Firm break there will target 0.8491 low next. […]
25/05/2024

USD/CHF Weekly Outlook

USD/CHF’s rebound from 0.8987 extended to 0.9157 last week before turning sideway. Current development suggests that pull back from 0.9223 has completed already. Initial bias remains neutral this week first and further rise is in favor. Above 0.9157 will bring retest of 0.9223. However, break of 0.9077 support will bring retest of 0.8987. Break there […]