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Daily Pivots: (S1) 190.80; (P) 194.20; (R1) 196.23; More… Intraday bias in GBP/JPY remains on the downside for the moment. Current fall from 208.09 is in progress for 185.49 fibonacci level. On the upside, above 193.96 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another decline. In the bigger picture, […]

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25/03/2024

EUR/JPY Weekly Outlook

EUR/JPY’s up trend resumed last week and surged to 165.33. But as a temporary top was formed with subsequent retreat, initial bias stays neutral this week for more consolidations. Downside should be contained by 55 4H EMA (now at 163.23) to bring rebound. On the upside, break of 165.33 will resume larger up trend to […]
12/08/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0906; (P) 1.0919; (R1) 1.0929; More….. Outlook in EUR/USD is unchanged and intraday bias stays neutral. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the upside, above 1.0944 minor resistance will bring retest of 1.1007 first. Further break there will resume rally from 1.0665 […]
28/08/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8388; (P) 0.8437; (R1) 0.8464; More….. USD/CHF’s break of 0.8431 support indicates resumption of whole decline from 0.9223. Intraday bias stays on the downside for 61.8% projection of 0.9049 to 0.8431 from 0.8747 at 0.8365, and then 0.8332 low. On the upside, above 0.8484 minor resistance will turn intraday bias neutral. But […]