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GBP/JPY fell to 188.22 last week but turned sideway since then. Initial bias remains neutral this week first. On the downside, below 188.22 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 183.27. […]

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16/01/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9338; (P) 0.9359; (R1) 0.9391; More… No change in EUR/CHF’s outlook as price actions from 0.9252 are seen as a consolidation pattern only. Intraday bias remains neutral and outlook stays bearish with 0.9402 support turned resistance intact. On the downside, break of 0.9252 will resume larger down trend to 100% projection of […]
30/01/2024

EUR/AUD Mid-Day Outlook

Daily Pivots: (S1) 1.6340; (P) 1.6423; (R1) 1.6470; More… Intraday bias in EUR/AUD is turned neutral first with today’s strong recovery. On the upside, break of 1.6512 minor resistance will argue that pull back from 1.6671 has completed, and revive near term bullishness. Intraday bias will be back on the upside for 1.6671 resistance. On […]
07/07/2024

EUR/CHF Weekly Outlook

EUR/CHF’s rebound from 0.9476 extended to as high as 0.9754 last week and turned sideway since then. Initial bias remains neutral this week first for consolidations. Deeper retreat might be seen but further rise is in favor as long as 0.9639 support holds. Above 0.9754 will target 0.9928 high. Nevertheless, break of 0.9639 will turn […]