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Daily Pivots: (S1) 0.7906; (P) 0.7940; (R1) 0.7958; More… Intraday bias in USDCHF remains neutral for the moment. On the upside, above 0.7971 will resume the rebound from 0.7828 short term bottom to 0.8006 resistance. Firm break there will bring stronger rise back to 0.8170. On the downside though, below 0.7904 minor support will bring […]

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GBP/USD Mid-Day Outlook

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15/02/2025

GBP/JPY Weekly Outlook

GBP/JPY’s strong rebound last week suggests that fall from 198.94 has completed at 187.04 already. But with a temporary top formed at 193.04, initial bias remains neutral this week first. Overall, corrective pattern from 180.00 is extending, possibly with rebound from 187.04 as another upleg. Above 193.04 will target 194.73 resistance first. Firm break there […]
05/05/2025

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 143.82; (P) 144.87; (R1) 146.01; More… No change in USD/JPY’s outlook and intraday bias stays neutral at this point. Overall near term outlook will stay bearish as long as 38.2% retracement of 158.86 to 139.87 at 147.12 holds. Break of 141.96 will argue that the rebound has completed as a corrective move. […]
25/11/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 192.90; (P) 193.85; (R1) 194.86; More… Intraday bias in GBP/JPY remains on the downside for the moment. Current development suggests that corrective rise from 180.00 has completed with three waves up to 199.79. Deeper fall would be seen to 183.70 support. For now, risk will stay on the downside as long as […]