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GBP/USD’s late decline last week suggests short term topping at 1.3013 on bearish divergence condition in 4H MACD. Initial bias is back on the downside for deeper pull back to 38.2% retracement of 1.2248 to 1.3013 at 1.2721. Strong support should be seen there to bring rebound. On the upside, break of 1.3013 will resume […]

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EUR/CHF Weekly Outlook

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09/03/2024

EUR/CHF Weekly Outlook

EUR/CHF edged higher to 0.9630 last week but turned sideway since then. Initial bias remains neutral this week first. As long as 0.9510 support holds, further rally is still expected. On the upside, break of 0.9630 will resume the rise from 0.9252 and target 161.8% projection of 0.9252 to 0.9471 from 0.9304 at 0.9658 next. […]
02/03/2025

USD/JPY Weekly Outlook

USD/JPY’s fall from 158.86 continued last week but recovered after hitting 148.55. Initial bias remains neutral this week first. This decline is seen as the third leg of the corrective pattern from 161.94 high. Break of 148.55 will target 61.8% retracement of 139.57 to 158.86 at 146.32 next. On the upside, however, break of 150.92 […]
29/08/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3151; (P) 1.3208; (R1) 1.3249; More… GBP/USD is staying in consolidation below 1.3265 and intraday bias stays neutral. Downside of retreat should be contained well above 1.3043 resistance turned support to bring rebound. On the upside, above 1.3265 will resume larger up trend to 100% projection of 1.2298 to 1.3043 from 1.2664 […]