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Daily Pivots: (S1) 0.9121; (P) 0.9138; (R1) 0.9167; More…. Intraday bias in USD/CHF remains neutral and more sideway trading could be seen. Further rally is expected as long as 0.8996 support holds. Break of 0.9151 will resume the larger rise from 0.8332 to 0.9243 resistance. However, firm break of 0.8996 will turn bias to the […]

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26/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 159.58; (P) 160.28; (R1) 160.85; More… EUR/JPY’s retreat from 161.84 is extending and intraday bias remains neutral first. With 158.55 resistance turned support intact, further rally is in favor. On the upside, break of 161.84 will resume whole rise from 153.15 to 161.8% projection of 153.15 to 158.55 from 155.06 at 163.79, […]
11/09/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1006; (P) 1.1028; (R1) 1.1041; More…. Intraday bias in EUR/USD stays neutral with focus on 38.2% retracement of 1.0665 to 1.1200 at 1.0996. Strong rebound from there will retain near term bullishness. Break of 1.1153 will indicate that larger rally is resuming through 1.1200 resistance to 1.1274 high. However, sustained break of […]
23/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 202.15; (P) 202.88; (R1) 203.86; More… Intraday bias in GBP/JPY remains on the downside for the moment. Fall from 208.09, as a correction to whole rise from 178.32, is in progress. Sustained break of 55 D EMA (now at 201.13) will target 38.2% retracement of 178.32 to 208.09 at 196.71. Nevertheless, break […]