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Daily Pivots: (S1) 146.68; (P) 147.03; (R1) 147.51; More… USD/JPY is still bounded in consolidation from 146.22 and intraday bias stays neutral for the moment. Further decline is expected as long as 148.50 resistance holds, even in case of stronger recovery. On the downside, firm break of 146.22 will resume the fall from 151.89 to […]

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13/07/2024

USD/CHF Weekly Outlook

USD/CHF’s fall from 0.9049 continued last week despite interim recovery. As noted before, rebound from 8825 should have completed after rejection by channel resistance. Deeper decline is expected as long as 0.9000 resistance holds, to 0.8825 low. Break of 0.8825 will target 50% retracement of 0.8332 to 0.9223 at 0.8778 next. However, break of 0.9000 […]
17/09/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1093; (P) 1.1115; (R1) 1.1156; More…. Intraday bias in EUR/USD stays neutral and outlook is unchanged. On the upside, break of 1.1153 resistance will suggest that later rally is ready to resume and target 1.1200, and then 1.1274 high. On the downside, below 1.1072 minor support will turn bias back to the […]
04/05/2024

EUR/USD Weekly Outlook

EUR/USD’s rise from 1.0601 resumed last week and the strong break of 55 D EMA argues that fall from 1.1138 might have completed. Initial bias stays on the upside this week. Firm break of 100% projection of 1.0601 to 1.0752 from 1.0648 at 1.0799 will pave the way to 161.8% projection at 1.0892. For now, […]