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Daily Pivots: (S1) 1.2552; (P) 1.2597; (R1) 1.2631; More… Intraday bias in GBP/USD remains neutral and attention stays on 38.2% retracement of 1.3433 to 1.2099 at 1.2609. Rejection by 1.2609 will keep near term outlook bearish. Break of 1.2331 support will suggest that the rebound from 1.2099 has completed as a correction, and bring retest […]

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24/02/2024

GBP/JPY Weekly Outlook

GBP/JPY’s up trend continued last week and there is no sign of topping yet. Initial bias remains on the upside this week for 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. Firm break there will target 100% projection at 195.40. On the downside, below 189.83 minor support will turn intraday bias neutral and […]
24/09/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9385; (P) 0.9443; (R1) 0.0.9476; More…. A temporary top is formed at 0.9502 with current retreat and intraday bias in EUR/CHF is turned neutral first. On the upside, above 0.9502 will resume the rally from 0.9305, as the third leg of the pattern from 0.9209, to 0.9579 resistance. However, break of 0.9305 […]
12/04/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 164.00; (P) 164.35; (R1) 164.75; More… Intraday bias in EUR/JPY remains neutral as consolidation from 165.33 is extending. But outlook stays bullish as long as 162.59 support holds. On the upside, firm break of 165.33 will resume larger up trend towards 169.96 key resistance next. On the downside, though, break of 162.59 […]