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Daily Pivots: (S1) 200.64; (P) 200.88; (R1) 201.35; More… Intraday bias in GBP/JPY remains neutral as consolidations continues below 201.59. Further rally is expected as long as 197.18 support holds. However, considering bearish divergence condition in 4H MACD, firm break of 197.18 will confirm short term topping, and turn bias back to the downside for […]

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USD/JPY Daily Outlook

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29/06/2024

USD/JPY Weekly Outlook

USD/JPY’s break of 160.20 resistance last week confirmed long term up trend resumption. But as a temporary top was formed at 161.27, initial bias remains neutral this week for consolidations. Downside should be contained by 158.71 support to bring another rally. Break of 161.27 will target 61.8% projection of 146.47 to 160.20 from 154.53 at […]
21/03/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 164.21; (P) 164.79; (R1) 165.77; More… Intraday bias in EUR/JPY remains on the upside for the moment. Current rally should target 61.8% projection of 153.15 to 163.70 from 160.20 at 166.71. On the downside, Below 163.81 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally. In […]
23/04/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 164.55; (P) 164.82; (R1) 165.25; More… Range trading continues in EUR/JPY and intraday bias stays neutral. Consolidation from 165.33 could extend further. 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 at least correcting the […]