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EUR/GBP stayed in sideway trading in range of 0.8221/8326 last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, firm break of 0.8326 resistance will confirm short term bottoming at 0.8221, ahead of 0.8201 key support. Intraday bias will be turned back to the upside for 0.8446 structural resistance […]

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AUD/USD Daily Report

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02/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3470; (P) 1.3490; (R1) 1.3514; More… Intraday bias in USD/CAD remains neutral for consolidations above 1.3439. Further decline is expected as long as 1.3617 resistance holds. Break of 1.3439 and sustained trading below 61.8% retracement of 1.3091 to 1.3946 at 1.3418 will pave the way to 1.3091/3176 support zone next. In the […]
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USD/JPY Daily Outlook

Daily Pivots: (S1) 145.96; (P) 146.89; (R1) 147.49; More… Intraday bias in USD/JPY stays neutral for the moment. While further rally cannot be ruled out, outlook will stay bearish as long as 38.2% retracement of 161.94 to 141.67 at 149.41 holds. Below 144.04 minor support will turn bias to the downside for 141.67. Break there […]
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EUR/JPY Weekly Outlook

Despite dipping to 169.05 last week, EUR/JPY quickly recovered. Initial bias is neutral this week first. Break of 170.78 will resume the rally from 164.01 to retest 171.58 high. On the downside, however, below 169.05 will bring deeper fall to 167.31 support. Firm break there should confirm that rise from 164.01 has completed. In the […]