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GBP/JPY’s decline from 199.79 resumed last week and fell to 184.35, but then recovered. Initial bias stays neutral this week first and some more consolidations would be seen. Risk will stay on the downside as long as 190.06 resistance holds. Below 184.35 will target 180.00 low. Nevertheless, break of 190.06 will turn bias back to […]

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11/10/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9333; (P) 0.9377; (R1) 0.9408; More…. Intraday bias in EUR/CHF Remains neutral for the moment, as range trading continues. On the downside, break of 0.9332 will resume the fall from 0.9579 towards 0.9209 low. On the upside, break of 0.9506 will turn intraday bias to the upside for 0.9579 resistance and above. […]
08/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3676; (P) 1.3709; (R1) 1.3757; More… Intraday bias in USD/CAD stays neutral at this point. On the upside, break of 1.3782 resistance will argue that correction from 1.3845 has completed with three waves down to 1.3608. Intraday bias will be back to the upside to resume larger rally from 1.3176 through 1.3845. […]
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 […]