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Daily Pivots: (S1) 0.6409; (P) 0.6439; (R1) 0.6467; More… AUD/USD is staying in sideway trading and intraday bias remains neutral. Further rise is in favor with 0.6356 support intact. One the upside, break of 0.6511 will resume the rise from 0.5913 and target 61.8% retracement of 0.6941 to 0.5913 at 0.6548. However, firm break of […]

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20/04/2024

GBP/JPY Weekly Outlook

Range trading continued in GBP/JPY last week and outlook is unchanged. Initial bias remains neutral this week and consolidations from 193.51 could extend. On the upside, firm break of 193.51 will resume larger up trend to 195.86 long term resistance. Nevertheless, decisive break of 190.02 will indicate that it’s at least correcting the rise from […]
15/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 152.78; (P) 153.08; (R1) 153.58; More… Intraday bias in USD/JPY remains on the upside at this point. Current up trend is in progress for 155.20 fibonacci projection level next. On the downside, below 153.37 minor support will turn intraday bias neutral and bring consolidations again, before staging another rally. In the bigger […]
30/01/2025

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.4383; (P) 1.4427; (R1) 1.4465; More… USD/CAD is still bounded in range trading below 1.4516 and intraday bias stays neutral. More consolidations would be seen, but further rally is expected as long as 1.4260 support holds. On the upside, firm break of 1.4516 will resume larger up trend to 1.4667/89 key resistance […]