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EUR/AUD’s strong rally last week suggests that corrective pattern from 1.8554 has completed with three waves to 1.7569. Nevertheless, since a temporary top was formed at 0.8160 after first rejection by 1.8155 resistance, initial bias is turned neutral this week first. On the upside, sustained break of 1.8155 will affirm this bullish case and bring […]

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GBP/JPY Daily Outlook

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05/03/2025

GBP/JPY Daily Outlook

Daily Pivots: (S1) 189.36; (P) 190.57; (R1) 192.89; More… No change in GBP/JPY’s outlook as range trading continues. O the upside, fir break of 193.04 will resume the rebound from 187.04 to 194.73 resistance, and then 198.94. On the downside, firm break of 187.04 will extend the fall from 199.79 towards 180.00 support. Overall, corrective […]
24/08/2024

EUR/GBP Weekly Outlook

EUR/GBP’s steep decline last week suggest that rebound from 0.8382 has completed 0.8624 already, after rejection by 0.8643 resistance. Initial bias stays on the downside this week for retesting 0.8382 low. Decisive break there will resume larger down trend. On the upside, above 0.8507 support turned resistance will turn intraday bias neutral first. In the […]
29/01/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6563; (P) 0.6586; (R1) 0.6599; More… Intraday bias in AUD/USD remains neutral for the moment, as consolidation continues above 0.6524. Further fall is expected with 0.6639 minor resistance intact. On the downside, firm break of 0.6524 support will argue that whole rebound from 0.6269 has completed, and bring deeper fall to this […]