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USD/CAD’s strong rally last week suggests that corrective pull back from 1.4791 has already completed at 1.4150. Initial bias stays on the upside this week for retesting 1.4791. Strong resistance might be seen there to limit upside on first attempt. But decisive break there will confirm resumption of larger up trend. On the downside, below […]

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EUR/USD Weekly Outlook

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EUR/GBP Weekly Outlook

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09/03/2024

EUR/GBP Weekly Outlook

EUR/GBP stayed in range of 0.8497/8577 last week and outlook is unchanged. Initial bias remains neutral this week first. On the downside decisive break of 0.8491/7 support zone will confirm larger down trend resumption and target 0.8464 projection level first. Nevertheless, firm break of 0.8577 will turn bias back to the upside for stronger rebound. […]
01/11/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 194.75; (P) 196.83; (R1) 198.22; More… Intraday bias in GBP/JPY remains neutral for the moment. While pullback from 199.79 might extend lower, further rally would remain in favor as long as 55 D EMA (now at 194.22) holds. Above 199.79 will resume the rebound from 180.00 to retest 208.09 high. However, sustained […]
07/01/2025

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.31; (P) 163.17; (R1) 164.64; More… EUR/JPY’s break of 163.30 minor resistance suggests that pull back from 164.98 has completed at 160.89 already. Intraday bias is back on the upside. Firm break of 164.89 will resume the rally from 156.16, as a leg of the corrective pattern from 154.40, and target 166.67. […]