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Daily Pivots: (S1) 152.80; (P) 153.33; (R1) 153.92; More… Intraday bias in USD/JPY remains neutral as consolidation from 153.87 is still extending. Deeper retreat cannot be ruled out but further rally is expected as long as 55 D EMA (now at 148.82) holds. Sustained trading above 61.8% retracement of 161.94 to 139.57 at 153.39 will […]

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13/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8429; (P) 0.8443; (R1) 0.8451; More… EUR/GBP is still bounded in consolidation from 0.8399 and intraday bias remains neutral. Stronger recovery might be seen but upside should be limited by 38.2% retracement of 0.8624 to 0.8399 at 0.8485. Break of 0.8399 will bring retest of 0.8382 low. Firm break there will resume […]
18/12/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9342; (P) 0.9380; (R1) 0.9404; More…. Intraday bias in EUR/CHF is turned neutral with current retreat and some consolidations would be seen below 0.9417 temporary top. Further rally is expected as long as 0.9343 resistance turned support holds. Above 0.9417 should resume the rise from 0.9204 through 0.9444 resistance to 0.9841 fibonacci […]
09/12/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8743; (P) 0.8781; (R1) 0.8825; More… Breach of 0.8796 support turned resistance suggests that USD/CHF’s corrective pullback from has completed at after drawing support from 55 D EMA (now at 0.8738). Intraday bias is back on the upside for retesting 0.8956 high. However, considering head and shoulder top pattern, firm break of […]