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EUR/JPY’s decline from 166.67 extended lower last week despite interim rebound. Current development suggests that corrective rebound from 154.40 has completed with three waves up to 166.67. Initial bias is now on the downside this week for 155.14 support next. For now, risk will stay on the downside as long as 163.19 support turned resistance […]

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14/03/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.48; (P) 189.02; (R1) 189.61; More….. Outlook in GBP/JPY remains unchanged and intraday bias stays neutral. On the downside, below 187.94 will resume the decline from 191.29 to 38.2% retracement of 178.32 to 191.29 at 186.33. Sustained break there will raise the chance of larger scale correction and target 61.8% retracement at […]
11/11/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0667; (P) 1.0738; (R1) 1.0788; More… EUR/USD’s decline resumed by breaking through 1.0681 temporary low and intraday bias is back on the downside. Sustained trading below 61.8% projection of 1.1213 to 1.0760 from 1.0936 at 1.0656 will extend the fall from 1.1213 to 100% projection at 1.0483. On the upside, above 1.0727 […]
09/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9784; (P) 0.9810; (R1) 0.9858; More… Range trading continues in EUR/CHF and intraday bias stays neutral. Near term outlook will stay bullish as long as 0.9709 support holds. However, considering bearish divergence condition in 4H MACD, break of 0.9709 will confirm short term topping, and turn bias back to the downside for […]