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Daily Pivots: (S1) 1.3334; (P) 1.3389; (R1) 1.3499; More… Intraday bias in GBP/USD remains on the upside for the moment. Firm break of 1.3433 key resistance will confirm larger up trend resumption. Next near term target is 61.8% projection of 1.2706 to 1.3422 from 1.3232 at 1.3674. However, break of 1.3232 support will indicate rejection […]

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02/05/2025

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3244; (P) 1.3295; (R1) 1.3328; More… GBP/USD is still bounded in range below 1.3442 and intraday bias stays neutral. On the downside, firm break of 1.3232 support will indicate short term topping and rejection by 1.3433 key resistance. Intraday bias will be back on the downside for deeper pullback to 55 D […]
10/08/2024

EUR/GBP Weekly Outlook

EUR/GBP retreated after rising to 0.8624 last week and a short term top could be formed ahead of 0.8643 resistance. Some consolidations could be seen now, with risk of deeper pullback. But downside should be contained by 38.2% retracement of 0.8382 to 0.8624 at 0.8532 to bring another rally. On the upside, firm break of […]
05/08/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 145.40; (P) 147.59; (R1) 148.76; More… Intraday bias in USD/JPY remains on the downside for the moment. Current fall from 161.94 should target 140.25 support next. On the upside, above 146.40 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another fall. In the bigger picture, the strong […]