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Daily Pivots: (S1) 0.8571; (P) 0.8633; (R1) 0.8666; More… Intraday bias in EUR/GBP is turned neutral with current extended retreat. Some consolidations would be seen below 0.8737. But outlook will remain bullish as long as 0.8518 support holds. On the upside, break of 0.8737 will resume the larger rally from 0.8221. In the bigger picture, […]

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31/08/2024

GBP/USD Weekly Outlook

GBP/USD edged higher to 1.3265 last week but retreated since then. Initial bias remains neutral this week for more consolidations first. Further rally is expected as long as 1.3043 resistance turned support holds. Break of 1.3265 will resume larger up trend to 100% projection of 1.2298 to 1.3043 from 1.2664 at 1.3409. In the bigger […]
11/02/2025

GBP/JPY Daily Outlook

Daily Pivots: (S1) 186.95; (P) 188.05; (R1) 189.07; More… With 189.57 minor resistance intact, intraday bias in GBP/JPY stays on the downside for 100% projection of 198.94 to 189.31 from 194.73 at 185.10. Decisive break there will target 138.2% projections at 181.42. On the upside, above 189.57 minor resistance will turn intraday bias neutral first. […]
09/04/2025

EUR/JPY Daily Outlook

Daily Pivots: (S1) 159.50; (P) 160.85; (R1) 161.68; More… Intraday bias in EUR/JPY remains neutral as range trading continues. On the upside, above 164.16 will resume the rally from 154.77 to 164.89 resistance, and then 166.67. However, decisive break of 158.27 support will bring deeper decline back to 154.77 support. Overall, sideway consolidation pattern from […]