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GBP/JPY’s rebound from 180.00 extended to 191.99 last week before forming a temporary top there. Initial bias this week is turned neutral for consolidations first. Above 191.99 will target 61.8% retracement of 208.09 to 180.00 at 197.35, as the second leg of the corrective pattern from 208.09. On the downside, however, break of 187.84 minor […]

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26/03/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 190.54; (P) 191.15; (R1) 191.94; More….. GBP/JPY is extending consolidation below 193.51 and intraday bias remains neutral. Outlook will stay bullish as long as 187.94 support holds. On the upside, break of 193.51 will resume larger up trend to 61.8% projection of 178.32 to 191.29 from 187.94 at 195.95, which is close […]
20/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 168.87; (P) 169.10; (R1) 169.42; More… EUR/JPY’s rise from 1.6401 resumed by breaking 169.38 and intraday bias is back on the upside. This rally, as the second leg of the corrective pattern from 171.58, should target this high next. On the downside, break of 167.31 support should turn bias back to the […]
16/01/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 145.09; (P) 145.52; (R1) 146.19; More… USD/JPY is still staying below 146.40 and intraday bias remains neutral. Rebound from 140.25 could extend through 146.40, but upside should be limited by 61.8% retracement of 151.89 to 140.25 at 147.44. On the downside, break of 143.41 will turn bias back to the downside for […]