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USD/JPY’s up trend resumed last week by breaking through 151.93 resistance. But it retreated after hitting 153.37. Initial bias is neutral this week for some consolidations first. Outlook will stay bullish as long as 150.80 support holds. Above 153.37 will target 155.20 fibonacci projection level next. In the bigger picture, current rise from 140.25 is […]

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05/07/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 160.92; (P) 161.30; (R1) 161.66; More… Intraday bias in USD/JPY remains neutral for the moment and some more consolidations could be seen first. Further rally is expected as long as 160.25 minor support holds. Break of 161.94 will resume larger up trend to 61.8% projection of 146.47 to 160.20 from 154.53 at […]
15/06/2024

EUR/CHF Weekly Outlook

EUR/CHF’s sharp decline last week suggests that rise from 0.9252 has already completed at 0.9928 already. Initial bias stays on the downside this week. Sustained trading below 61.8% retracement of 0.9252 to 0.9928 at 0.9510 will raise the chance of long term down trend resumption, and target 0.9252 low next. For now, outlook will remain […]
26/04/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3629; (P) 1.3680; (R1) 1.3710; More… Intraday bias in USD/CAD is back on the downside with break of 1.3660 support. Fall from 1.3845 short term top would extend to 55 D EMA (now at 1.3597). On the upside, above 1.3730 minor resistance will turn bias back to the upside for retesting 1.3845 […]