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Daily Pivots: (S1) 148.15; (P) 149.15; (R1) 149.69; More… Intraday bias in USD/JPY stays neutral first. Price actions from 146.52 are seen as a corrective pattern. In case of another rise, upside should be limited by 150.92 support turned resistance. On the downside, firm break of 148.22 support will bring retest of 146.52 first. Sustained […]

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USD/JPY Daily Outlook

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02/02/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2646; (P) 1.2699; (R1) 1.2739; More… No change in GBP/USD’s outlook and intraday bias remains neutral. Consolidation from 1.2826 is extending and deeper fall cannot be ruled out. But downside should be contained above 1.2499 support to bring rebound. On the upside, firm break of 1.2774 resistance will suggest that consolidation pattern […]
05/12/2023

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8564; (P) 0.8574; (R1) 0.8589; More…. Intraday bias in EUR/GBP remains on the downside for the moment. As noted before, rebound from 0.8491 should have completed as a corrective move at 0.8764. Deeper fall should be seen to retest 0.8491 low first. Firm break there will resume larger down trend. On the […]
24/01/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8659; (P) 0.8694; (R1) 0.8737; More…. Intraday bias in USD/CHF is mildly on the upside at this point. Sustained trading above 38.2% retracement of 0.9243 to 0.8332 at 0.8680 and 55 D EMA (now at 0.8686) will turn near term outlook bullish for 61.8% retracement 0.8995. Nevertheless, break of 0.8632 minor support […]