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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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08/11/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2903; (P) 1.2956; (R1) 1.3040; More… Intraday bias in GBP/USD stays neutral as sideway trading continues. With 1.3047 resistance intact, further decline is still expected. Firm break of 1.2842 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bullish convergence condition in 4H MACD, […]
14/03/2025

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0818; (P) 1.0857; (R1) 1.0892; More… Intraday bias in EUR/USD remains neutral for consolidations below 1.0946. Deeper retreat might be seen towards 55 4H EMA (now at 1.0772). But strong support should be seen from 38.2% retracement of 1.0358 to 1.0946 at 1.0721 to contain downside. On the upside, break of 1.0946 […]
19/01/2025

EUR/JPY Weekly Outlook

EUR/JPY’s extended decline last week suggests that rebound from 156.16 has already completed at 164.89. But downside momentum remained unconvincing. Also, with a temporary low formed at 159.74, initial bias is neutral this week first. On the downside, below 159.74 will target 156.16 support. On the upside, break of 162.89 will bring retest of 164.89 […]