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Daily Pivots: (S1) 190.05; (P) 190.66; (R1) 191.33; More… GBP/JPY’s rise from 184.35 resumed by breaking through 191.70 and intraday bias is back on the upside. Further rally would be seen to 195.95 resistance next. For now, break of 189.97 support is needed to indicate short term topping. Otherwise, further rise will remain in favor […]

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09/12/2023

AUD/USD Weekly Report

AUD/USD edged higher to 0.6689 last week but failed to sustain above channel resistance and retreated. Initial bias remains neutral this week first. Risk stays mildly on the downside as long as 0.6689 resistance holds. Break of 0.6524 will resume the fall from 0.6689 short term top to 55 D EMA (now at 0.6491). In […]
28/09/2024

GBP/JPY Weekly Outlook

GBP/JPY retreated sharply after edging higher to 195.95 last week and initial bias is neutral this week first. On the upside, above 195.95 temporary top will extend the corrective rebound from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35 next. However, firm break of 190.11 will argue that this correction might have completed, […]
28/04/2025

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.7672; (P) 1.7743; (R1) 1.7835; More… Intraday bias in EUR/AUD remains neutral for the moment. Corrective pattern from 1.8554 could extend, but downside should be contained by 38.2% retracement of 1.5963 to 1.8854 at 1.7750. On the upside, above 1.8014 minor resistance will bring retest of 1.8554 first. Firm break there will […]