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Daily Pivots: (S1) 202.12; (P) 202.46; (R1) 202.99; More… Intraday bias in GBP/JPY remains neutral and further rise is expected with 200.54 support intact. Break of 204.22 will suggest that rise from 184.35 is resuming through 205.30 towards 208.09 high. However, break of 200.54 will extend the fall from 205.30 to 197.47 key structural support. […]

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08/03/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8527; (P) 0.8545; (R1) 0.8567; More… Range trading continues in EUR/GBP and intraday bias stays neutral. On the upside, decisive break of 0.8577 resistance and 55 D EMA (now at 0.8572) will argue that fall from 0.8764 has completed. Intraday bias will be back on the upside for rebound towards 0.8713 resistance. […]
22/02/2025

GBP/USD Weekly Outlook

GBP/USD’s extended rally last week suggests that stronger rise is underway even still as a correction to fall from 1.3433. Initial bias stays on the upside this week for 1.2810 resistance first. Firm break there will target 61.8% retracement of 1.3433 to 1.2099 at 1.2923 next. On the downside, below 1.2562 minor support will turn […]
14/10/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0923; (P) 1.0938; (R1) 1.0954; More…. EUR/USD is staying above 1.0899 temporary low and intraday bias stays neutral first. Further decline is expected as long as 1.0996 resistance holds. On the downside, sustained break of 38.2% retracement of 1.0447 to 1.1213 at 1.0920 will argue that fall from 1.1213 is the third […]