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Daily Pivots: (S1) 150.66; (P) 150.93; (R1) 151.36; More… USD/JPY’s rally from 139.57 accelerates higher today, and intraday bias stays on the upside for 61.8% retracement of 161.94 to 139.57 at 153.39. Decisive break there will pave the way to retest 161.94 high. On the downside, below 150.60 minor support will turn intraday bias neutral […]

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GBP/JPY Daily Outlook

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04/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 155.52; (P) 156.15; (R1) 157.15; More… Range trading continues in EUR/JPY and intraday bias remains neutral. On the upside, above 158.55 will resume the corrective rebound from 153.15. On the downside, break of 153.15 will resume whole fall from 164.39 to 61.8% retracement of 139.05 to 164.29 at 148.69. In the bigger […]
22/03/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 191.35; (P) 192.43; (R1) 193.02; More….. Intraday bias in GBP/JPY is turned neutral with current retreat and some consolidations would be seen. Nevertheless, outlook will stay bullish as long as 187.94 support holds. On the upside, break of 193.51 will resume larger up trend to 61.8% projection of 178.32 to 191.29 from […]
19/03/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 189.55; (P) 189.86; (R1) 190.17; More….. GBP/JPY’s rally from 187.94 accelerates higher today and intraday bias stays on the upside. Decisive break of 191.29 will confirm resumption of larger up trend. Next near term target will be 61.8% projection of 178.32 to 191.29 from 187.94 at 195.95, which is close to 195.86 […]