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Daily Pivots: (S1) 193.90; (P) 194.84; (R1) 195.60; More… GBP/JPY’s rally accelerates higher today and intraday bias stays on the upside for 199.79 resistance. Corrective pattern from 180.00 is extending, and break of 199.79 will target channel resistance (now at 202.84. For now, risk will stay on the upside as long as 193.88 support holds, […]

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08/12/2023

EUR/JPY Daily Outlook

Daily Pivots: (S1) 152.94; (P) 155.85; (R1) 158.48; More.. EUR/JPY’s fall from 164.29 extended to as low as 153.15 and breached 154.32 cluster support (38.2% retracement of 139.05 to 164.29 at 154.64). There is no clear sign of bottoming yet and intraday bias stays on the downside. Sustained trading below 154.32 will target 61.8% retracement […]
16/11/2024

USD/JPY Weekly Outlook

USD/JPY’s rise from 139.57 continued last week and hit as high as 156.74 before retreating. Initial bias stays neutral this week first and some consolidations could be seen. But further rally is expected as long as 151.27 support holds. Above 156.74 will target 61.8% projection of 141.63 to 153.87 from 151.27 at 158.83. In the […]
04/03/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9550; (P) 0.9578; (R1) 0.9603; More… Intraday bias in EUR/CHF remains on the upside at this point. Current rise from 0.9252 is in progress for 161.8% projection of 0.9252 to 0.9471 from 0.9304 at 0.9658 next. For now, further rally is expected as long as 0.9510 support holds, in case of retreat. […]