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Daily Pivots: (S1) 153.70; (P) 154.25; (R1) 155.21; More… Intraday bias in USD/JPY remains mildly on the upside for retesting 156.74. Firm break there will resume the whole rally from 139.57 towards 161.94 high. On the downside, though, break of 153.27 will resume the correction towards 38.2% retracement of 139.57 to 156.74 at 150.18. In […]

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26/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 152.48; (P) 153.40; (R1) 154.86; More… Intraday bias in USD/JPY stays neutral for consolidations above 151.93 temporary low. Risk will stay on the downside as long as 155.36 support turned resistance holds. Decisive break of 151.89 resistance turned support will argue that large scale correction is underway to 148.66 fibonacci level. Nevertheless, […]
12/09/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 184.10; (P) 185.29; (R1) 186.86; More… Intraday bias in GBP/JPY is turned neutral with current recovery.. But further decline is expected as long as 189.77 resistance holds. Below 183.70 will bring retest of 180.00 low. Break there will resume whole fall from 208.09 to 175.94 fibonacci level. In the bigger picture, price […]
16/12/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 152.80; (P) 153.30; (R1) 154.14; More… Intraday bias in USD/JPY remains on the upside as rebound from 148.64 is in progress. Further rally should be seen to retest 156.74 first. Firm break there will resume whole rally from 139.57, and target 61.8% projection of 139.57 to 156.74 from 148.64 at 159.25 next. […]