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Daily Pivots: (S1) 0.8341; (P) 0.8387; (R1) 0.8452; More… Intraday bias in EUR/GBP stays on the upside for the moment. Decisive break of 38.2% retracement of 0.8624 to 0.8309 at 0.8429 will pave the way to 61.8% retracement at 0.8504 and possibly above. On the downside, below 0.8370 resistance turned support will turn intraday bias […]

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23/03/2024

GBP/JPY Weekly Outlook

GBP/JPY’s up trend resumed last week and surged to 193.51, but retreated notably since then. Initial bias remains neutral this week for more corrective trading. Nevertheless, outlook will stay bullish as long as 187.94 support holds. On the upside, break of 193.51 will resume larger up trend to 61.8% projection of 178.32 to 191.29 from […]
27/06/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8950; (P) 0.8967; (R1) 0.8990; More… No change in USD/CHF’s outlook and intraday bias stays neutral. Further decline is still expected with 0.8992 resistance intact. Below 0.8912 minor support will bring retest of 0.8825 low. Firm break there will resume the fall from 0.9223 to 61.8% retracement of 0.8332 to 0.9223 at […]
21/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6233; (P) 1.6264; (R1) 1.6314; More… Intraday bias in EUR/AUD is turned neutral as it recovered after brief dip to 1.6211. Further decline remains in favor as long as 1.6381 resistance holds. Break of 1.6211 will resume larger corrective decline from 1.7062 to 1.6127 support, or further to 100% projection of 1.7062 […]