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Range trading continued in USD/CHF last week and outlook is unchanged. Further decline is in favor with 0.8548 resistance intact. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. Nevertheless, firm break of 0.8548 will turn bias back to […]

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EUR/JPY Daily Outlook

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10/01/2024

GBP/JPY Mid-Day Outlook

Daily Pivots: (S1) 182.94; (P) 183.45; (R1) 184.15; More… GBP/JPY’s strong rally today confirms resumption of rise from 178.32. More importantly, the decisive break of 184.15 resistance indicates that correction from 188.63 has completed already. Intraday bias is back on the upside for retesting 188.63 next. On the downside, break of 182.73 support is needed […]
22/10/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 194.99; (P) 195.44; (R1) 196.32; More… GBP/JPY’s rebound from 180.00 resumed by breaking 195.95 resistance. Intraday bias is back on the upside for 61.8% retracement of 208.09 to 180.00 at 197.35 next. Sustained break there will target 208.09 high. On the downside, below 194.55 minor support will turn intraday bias neutral again […]
11/04/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 191.37; (P) 192.16; (R1) 192.85; More….. Intraday bias in GBP/JPY remains neutral at this point. Consolidation from 193.51 is probably extending with another falling leg. But further rally is expected as long as 190.02 support holds. On the upside, break of 193.51 will resume larger up trend to 195.86 long term resistance. […]