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Daily Pivots: (S1) 1.2757; (P) 1.2811; (R1) 1.2878; More… Intraday bias in GBP/USD remains neutral as consolidations continue above 1.2706. Risk will stay on the downside with 1.2933 minor resistance intact. Break of 1.2706 will resume the decline from 1.3206 to 61.8% retracement of 1.2099 to 1.3206 at 1.2522. Nevertheless, firm break of 1.2933 will […]

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31/10/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 165.84; (P) 166.22; (R1) 166.93; More…. A temporary top was formed at 166.67 in EUR/JPY with current retreat. Intraday bias is turned neutral for consolidations first. Further rally is in favor as long as 55 D EMA (now at 162.85) holds. Sustained break of 61.8% retracement of 175.41 to 154.40 at 167.38 […]
29/11/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3995; (P) 1.4019; (R1) 1.4038; More… USD/CAD is staying in range of 1.3926/4177 and intraday bias remains neutral. Further rally is expected with 1.3930 support intact. On the upside, firm break of 1.4177 will resume larger up trend. However, break of 1.3926 will turn bias to the downside for deeper pullback to […]
11/09/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8450; (P) 0.8476; (R1) 0.8495; More… Range trading continues in USD/CHF and intraday bias remains neutral. With 0.8356 resistance intact, further decline is expected. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. However, considering bullish […]