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Daily Pivots: (S1) 157.49; (P) 157.96; (R1) 158.54; More… No change in USD/JPY’s outlook and intraday bias stays on the upside for 61.8% projection of 139.57 to 156.74 from 148.64 at 159.25. Firm break there will extend the rally from 139.57 to target 161.94 high. However, break of 156.01 support will indicate short term topping, […]

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GBP/JPY Daily Outlook

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22/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 198.20; (P) 198.56; (R1) 198.84; More… GBP/JPY’s rally continues today and intraday bias stays on the upside. Current rise from 191.34, as the second leg of the corrective pattern from 200.53, should target 100% projection of 191.34 to 180.07 from 195.02 at 200.75. But upside should be limited there. On the downside, […]
05/03/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8811; (P) 0.8852; (R1) 0.8874; More…. Range trading continues in USD/CHF and intraday bias remains neutral for now. Further rally is in favor as long as 0.8741 support holds. Break of 0.8891 will resume the whole rebound from 0.8332 towards 0.9243 key resistance. Nevertheless, break of 0.8741 support will turn bias back […]
17/01/2025

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9369; (P) 0.9385; (R1) 0.9398; More…. Sideway trading continues in EUR/CHF and intraday bias remains neutral. Corrective rebound from 0.9204 could still extend higher. But upside should be limited by 0.9481 fibonacci resistance. On the downside, firm break of 0.9329 support will argue that the correction has completed, and turn bias back […]