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GBP/JPY’s up trend resumed last week and edged higher to 201.59, but retreated notably since then. Initial bias is turned neutral this week first. Further rally is expected as long as 197.18 support holds. However, considering bearish divergence condition in 4 H MACD, firm break of 197.18 will confirm short term topping, and turn bias […]

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EUR/USD Weekly Outlook

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14/06/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6146; (P) 1.6210; (R1) 1.6245; More… Intraday bias in EUR/AUD remains neutral at this point, and outlook stays bearish with 1.6418 resistance intact. On the downside, break of 1.6173 will resume the decline from 1.6742, as the third leg of the correction from 1.7062. Next target is 61.8% projection of 1.6679 to […]
25/03/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 151.02; (P) 151.44; (R1) 151.88; More… Intraday bias in USD/JPY remains neutral as consolidation from 151.92 is extending. Further rally is expected as long as 150.25 support holds. On the upside, decisive break of 151.93 key resistance will confirm long term up trend resumption. Next near term target will be 61.8% projection […]
31/01/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 147.16; (P) 147.54; (R1) 147.99; More… Intraday bias in USD/JPY stays neutral at this point as consolidation from 148.79 is still extending. With 145.97 resistance turned support intact, further rally is in favor. As noted before, corrective fall from 151.89 should have completed at 140.25 already. Break of 148.79 will resume the […]