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Daily Pivots: (S1) 156.37; (P) 156.99; (R1) 157.69; More… Intraday bias in USD/JPY remains neutral as range trading continues above 155.36. Further decline is expected with 158.85 resistance intact. Below 155.36 will target 38.2% retracement of 140.25 to 161.94 at 153.65. On the upside, above 158.85 resistance will turn bias back to the upside for […]

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19/09/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 157.36; (P) 157.87; (R1) 158.69; More…. EUR/JPY’s break of 158.71 minor resistance suggests that fall form 163.89 has completed at 155.14 already. Rebound from there is seen as the third leg of the corrective pattern from 154.40. Intraday bias is back on the upside for 163.89, and possibly further to 61.8% retracement […]
07/02/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6492; (P) 0.6509; (R1) 0.6539; More… AUD/USD is extending consolidations from 0.6468 and intraday bias remains neutral. Stronger recovery cannot be ruled out, but outlook will stay bearish as long as 0.6621 resistance holds. On the downside, break of 0.6468 will resume the fall from 0.6870, as part of the down trend […]
21/01/2024

AUD/USD Weekly Report

AUD/USD’s fall from 0.6870 resumed and accelerated to as low as 0.6524 last week, then recovered. Initial bias remains neutral at this week for consolidations. But further decline is expected as long as 0.6639 support turned resistance holds. Firm break of 0.6524 support will argue that whole rebound from 0.6269 has completed, and bring deeper […]