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Daily Pivots: (S1) 149.58; (P) 150.27; (R1) 151.55; More… USD/JPY surges past 150.87 resistance to resume the rally from 140.25. Intraday bias stays on the upside for next key resistance at 151.93. Decisive break there will confirm long term up trend resumption. Next near term target will be 61.8% projection of 140.25 to 150.87 from […]

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19/02/2024

USD/JPY Weekly Outlook

USD/JPY rose further to 150.87 last week but retreated since then. Intraday bias remains neutral this week for some consolidations. But in case of another retreat, downside should be contained by 148.79 resistance turned support to bring another rally. Above 150.87 will resume the rise from 140.25 to 151.89/93 key resistance zone. Decisive break there […]
14/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8585; (P) 0.8597; (R1) 0.8603; More… Intraday bias in EUR/GBP remains neutral at this point. On the downside, below 0.8585 minor support will argue that rebound from 0.8529 has completed, and larger fall might be ready to resume. Intraday bias will be back on the downside for 0.8529 support first. In the […]
24/04/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9093; (P) 0.9113; (R1) 0.9138; More…. No change in USD/CHF’s outlook as consolidation form 0.9151 is extending. Intraday bias remains neutral for the moment. Further rally is expected as long as 0.8996 support holds. Break of 0.9151 will resume the larger rise from 0.8332 to 0.9243 resistance. However, firm break of 0.8996 […]