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Daily Pivots: (S1) 148.43; (P) 148.89; (R1) 149.78; More… USD/JPY’s rally from 139.57 short term bottom resumed after brief consolidations, and intraday bias is back on the upside. Current rally is seen as the second leg of the corrective pattern from 161.94. Next target is 61.8% retracement of 161.94 to 139.57 at 153.39. On the […]

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GBP/JPY Daily Outlook

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01/06/2024

AUD/USD Weekly Report

AUD/USD stayed in sideway trading below 0.6713 last week and outlook is unchanged. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) intact. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 to 0.6870 resistance next. However, sustained break of 0.6578 will dampen […]
26/06/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 202.14; (P) 202.43; (R1)202.90; More… Intraday bias in GBP/JPY stays on the upside. Firm break of 61.8% projection of 191.34 to 200.72 from 197.18 at 202.97. will pave the way to 100% projection at 206.56 next. On the downside, below 201.95 minor support will turn intraday bias neutral first. But outlook will […]
14/03/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8773; (P) 0.8782; (R1) 0.8799; More…. Intraday bias in USD/CHF remains neutral at this point. On the downside, sustained break of 0.8741 will argue that the whole rebound from 0.8332 might have completed, and bring deeper fall to 0.8550 support. Nevertheless, strong bounce from current level will retain near term bullishness. Further […]