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Daily Pivots: (S1) 0.6240; (P) 0.6275; (R1) 0.6315; More… Intraday bias in AUD/USD stays neutral. With 0.6329 resistance intact, outlook will stay bearish. On the downside, break of 0.6239 minor support will turn bias back to the downside for retesting 0.6087 low. However, firm break of 0.6329 will bring stronger rebound to 38.2% retracement of […]

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GBP/JPY Daily Outlook

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24/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 198.20; (P) 198.56; (R1) 198.84; More… Intraday bias in GBP/JPY remains mildly on the upside. Current rise from 191.34, as the second leg of the corrective pattern from 200.53, should target 100% projection of 191.34 to 180.07 from 195.02 at 200.75. But upside should be limited there. On the downside, below 198.25 […]
26/01/2025

EUR/GBP Weekly Outlook

EUR/GBP edged higher to 0.8472 last week but retreated notably since then. Initial bias stays neutral this week first. On the upside, break of 0.8472 will resume the rally from 0.8221 to 0.8624 key cluster resistance zone next. However, sustained break of 0.8403 will turn bias back to the downside for 55 D EMA (now […]
01/03/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.36; (P) 162.40; (R1) 163.11; More… Risk in EUR/JPY remains on the downside as long as 163.70 short term top holds. Fall from there would extend to channel support (now at 161.06). Firm break there will target 38.2% retracement of 153.15 to 163.70 at 159.66. In the bigger picture, price actions from […]