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GBP/JPY retreated sharply after edging higher to 195.95 last week and initial bias is neutral this week first. On the upside, above 195.95 temporary top will extend the corrective rebound from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35 next. However, firm break of 190.11 will argue that this correction might have completed, […]

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01/06/2024

USD/JPY Weekly Outlook

USD/JPY turned sideway after edging higher to 157.70 last week. Initial bias remains neutral this week first. Decisive break of 156.36 will confirm short term topping at 157.70, on bearish divergence condition in 4 H MACD. Intraday bias will be back on the downside for 153.59 support. Firm break there will target 151.86 and below […]
02/01/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6779; (P) 0.6812; (R1) 0.6845; More… Intraday bias in AUD/USD stays neutral at this point. On the upside, decisive break of 0.6894 resistance will extend the rally from 0.6269 towards 0.7156 key resistance next. On the downside, however, break of 0.6796 support will indicate short term topping, on bearish divergence condition in […]
14/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2534; (P) 1.2585; (R1) 1.2669; More… GBP/USD’s break of 1.2615 minor resistance suggests that pull back from 1.2731 has completed at 1.2501 already. Intraday bias is back on the upside for 1.2731 first. Decisive break there will resume whole rally from 1.2036 for retesting 1.3141 high next. On the downside, break of […]