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Daily Pivots: (S1) 148.74; (P) 149.33; (R1) 149.80; More… USD/JPY is staying in consolidation below 149.97 temporary top and intraday bias stays neutral. Further rally is expected with 146.48 resistance turned support intact. Above 149.97 will resume the rise from 139.57 to 61.8% retracement of 161.94 to 139.57 at 153.39 next. However, firm break of […]

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31/08/2024

USD/JPY Weekly Outlook

USD/JPY edged lower to 143.43 last week recovered notably. Initial bias remains neutral this week first. On the upside, break of 146.47 resistance will argue that pull back from 149.35 has completed, and rebound from 141.67 is going to resume. Intraday bias will be back on the upside for 149.35 first and then 100% projection […]
04/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8457; (P) 0.8468; (R1) 0.8476; More… Intraday bias in EUR/GBP remains neutral for the moment. On the upside, sustained trading above 55 D EMA (now at 0.8501) will extend the rise from 0.8396 short term bottom to 0.8529 support turned resistance. Nevertheless, On the downside, break of 0.8493 support will suggest that […]
13/07/2024

GBP/JPY Weekly Outlook

GBP/JPY retreated sharply after edging higher to 208.09 last week. Considering bearish divergence condition in 4H MACD, a short term top should be in place. Deeper pullback could be seen through 203.82 temporary low. But downside should be contained by 38.2% retracement of 191.34 to 208.09 at 201.69 to bring rebound, and set the range […]