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Range trading continued in AUD/USD last week. Initial bias stays neutral this week first. On the downside, below 0.6257 will target 0.6186 support first. Firm break there will indicate that corrective pattern from 0.6087 has completed and larger fall from 0.6941 is ready to resume. For now, outlook will stay bearish as long as 38.2% […]

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GBP/JPY Weekly Outlook

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24/03/2025

USD/JPY Daily Outlook

Daily Pivots: (S1) 148.71; (P) 149.19; (R1) 149.79; More… USD/JPY rises slightly today but overall outlook is unchanged. Intraday bias stays neutral first. Recovery from 146.52 is seen as a corrective move. In case of stronger rise, upside should be limited by 150.92 support turned resistance. On the downside, break of 148.17 support will bring […]
19/04/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6542; (P) 1.6573; (R1) 1.6607; More… EUR/AUD’s rally from 1.6368 resumed after brief consolidations. Breach of 1.6677 resistance argues that fall from 1.6742 has completed as a three-wave corrective move to 1.6368. Intraday bias is back on the upside for retesting 1.6742. On the downside, below 1.6534 support will turn intraday bias […]
07/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2766; (P) 1.2788; (R1) 1.2812; More….. Intraday bias in GBP/USD remains neutral as range trading continues. As long as 1.2693 support holds, further rally is in favor. Above 1.2816 will resume the rally from 1.2298 to 1.2892 resistance next. On the downside, break of 1.2693 minor support will turn intraday bias to […]