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Daily Pivots: (S1) 149.66; (P) 150.27; (R1) 151.46; More… USD/JPY’s rally from 139.57 resumed after brief consolidations, and re-accelerates. Intraday bias is back on the upside for 61.8% retracement of 161.94 to 139.57 at 153.39. On the downside, below 149.08 minor support will turn intraday bias neutral again. But still, further rally is in favor […]

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27/07/2024

USD/JPY Weekly Outlook

USD/JPY’s fall from 161.94 extended to as low as 151.93 last week, but recovered after breaching 151.98 resistance turned support briefly. Initial bias remains neutral this week for consolidations. Risk will stay on the downside as long as 155.36 support turned resistance holds. Decisive break of 151.89 resistance turned support will argue that large scale […]
29/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2448; (P) 1.2495; (R1) 1.2540; More… GBP/USD’s rebound form 1.2298 is resuming and intraday bias is back on the upside. Further rally would be seen to 55 D EMA (now at 1.2582). Sustained break there will argue that fall from 1.2892 has completed already, and bring further rise to this resistance. Nevertheless, […]
14/02/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2604; (P) 1.2630; (R1) 1.2653; More… Despite spiking higher to 1.2691, GBP/USD quickly retreated. Intraday bias stays neutral for the moment. On the upside, firm break of 1.2691 resistance will affirm the case that correction from 1.2826 has completed at 1.2517, after drawing support from 1.2499. Intraday bias will be back on […]