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GBP/JPY retreated after edging higher to 188.26 last week. Initial bias stays neutral this week for consolidations first. But near term outlook will remain bullish as long as 184.44 support holds. Break of 188.63 will resume larger up trend. In the bigger picture, as long as 184.44 support holds, larger up trend from 123.94 (202 […]

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27/04/2024

EUR/CHF Weekly Outlook

EUR/CHF rebounded further to 0.9797 last week but retreated since then. Initial bias is turned neutral this week for consolidations. But further rally is expected as long as 0.9708 minor support holds. Break of 0.9797 will target a retest on 0.9847 high. However, break of 0.9708 will turn bias to the downside, to extend the […]
29/11/2023

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9638; (P) 0.9647; (R1) 0.9663; More… Intraday bias in EUR/CHF remains neutral as it’s still stuck in sideway trading. Overall, further rally is expected with 0.9595 support intact. Decisive break of 0.9691 resistance will carry larger bullish implication, and target 0.9840 resistance next. However, break of 0.9595 support will turn bias back […]
09/01/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0922; (P) 1.0951; (R1) 1.0978; More… Range trading continues in EUR/USD and intraday bias remains neutral at this point. On the downside break of 1.0876 will resume the fall from 1.1138 short term top to 1.0722 support next. However, break of 1.0997 will turn bias back to the upside for retesting 1.1138 […]