GBP/USD rebounded after initial dip to 1.2517 last week, but upside was capped by 55 4H EMA. Initial bias remains neutral this week first. On the upside, firm break of 1.2641 resistance will affirm the case that correction from 1.2826 has completed at 1.2517, after drawing support from 1.2499. Intraday bias will be back on […]
Daily Pivots: (S1) 1.6475; (P) 1.6507; (R1) 1.6536; More… Intraday bias in EUR/AUD remains neutral and outlook is unchanged. On the upside, decisive break of 1.6671 will revive the case that whole correction from 1.7062 has completed with three waves down to 1.6127. Further rally should then be seen to 1.6844 resistance for confirmation. Nevertheless, […]
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